Farmers New World Life Insurance will be leaving Mercer Island for Bellevue by the end of this year. The company, owned by Farmers Insurance, has been operating out of Mercer Island for six decades. Aaron Kunkler/Staff Photo

Farmers New World Life Insurance will be leaving Mercer Island for Bellevue by the end of this year. The company, owned by Farmers Insurance, has been operating out of Mercer Island for six decades. Aaron Kunkler/Staff Photo

Farmers New World Insurance moving to Bellevue from Mercer Island

The full move is expected to be complete by the end of this year.

Farmers New World Life Insurance will be leaving Mercer Island this year after more than six decades operating out of the city.

Information from the company was scarce, but Farmers spokesperson Carly Kraft said they were moving to a location in Bellevue. They anticipate the full move to be completed by the end of 2018.

“We’ve been proud to call Mercer Island home for decades,” Kraft said.

The move will effect around 400 employees. Kraft declined to give a specific reason for the move, saying business needs had evolved and that the new office would benefit employees.

Mercer Island Chamber of Commerce Executive Director Laurie Givan didn’t expect the announcement to hurt the city’s economy if a new tenant was found soon. Commercial real estate is in high demand on Mercer Island, Givan said.

New World Life Insurance was started in Spokane in 1910 and moved to Seattle in 1930. The company was bought by Farmers Underwriters Association in 1953 when it was given its current name.

In 1958 the company moved to Mercer Island and opened its current location in 1982.

The property was sold to investors in 2005, but Farmers signed a 15-year lease to remain in the building, which should have ran through 2020. It is unclear why this was changed.

King County GIS records indicate CLF Mercer Island LLC owns the plot, which Farmers sits on with an appraised value of $39 million as of 2018. In 2005 the total taxable value registered on the company’s website was $16 million.

Farmers cut 60 jobs in 2010, but still had around 600 employees at the Mercer Island facility at the time. The company is one of the largest employers on Mercer Island.

Farmers New World owning company, Farmers Insurance Company, is one of the largest insurance groups in the U.S.


In consideration of how we voice our opinions in the modern world, we’ve closed comments on our websites. We value the opinions of our readers and we encourage you to keep the conversation going.

Please feel free to share your story tips by emailing editor@bellevuereporter.com.

To share your opinion for publication, submit a letter through our website https://www.bellevuereporter.com/submit-letter/. Include your name, address and daytime phone number. (We’ll only publish your name and hometown.) We reserve the right to edit letters, but if you keep yours to 300 words or less, we won’t ask you to shorten it.

More in News

King County homeless count: 11,751 people, up 5 percent from 2019

One night a year, volunteers spread out across Seattle and King County… Continue reading

Free masks at the Bellevue Salvation Army. Courtesy photo
Free mask pickup for Bellevue residents

New dates and times for mask distribution this week

Nurse Sylvia Keller, pictured with Gov. Jay Inslee, is on the front lines of the COVID-19 battle in Yakima County. Courtesy photo
Governor doubles down on mask rules

Inslee: Starting July 7, businesses do not serve those who do not wear a mask

State Capitol Building in Olympia. File photo
Politicians get pay raises, state workers get furloughs

A citizens panel approved the hikes in 2019. Unable to rescind them, lawmakers look to donate their extra earnings.

Construction begins for Downtown Park entrance

The previously delayed entryway project is expected to be finished early 2021

Human remains in West Seattle identified

Bags of body parts were found in a suitcase along a West Seattle beach on June 19.

According to King County’s Mental Illness and Drug Dependency (MIDD) annual report, Seattle had the highest rate of people using services at 36 percent of the total, followed by 31 percent from South King County, 18 percent from the greater Eastside, and 7 percent from north county including Shoreline. Courtesy image
Drug courts, officer de-escalation programs impacted by MIDD cuts

The fund provides money for mental illness and drug dependency programs across King County.

Summer vehicle travel projected to decrease this year

Traffic this summer will likely be lighter across Washington state than previous… Continue reading

Governor Jay Inslee smiles and laughs Sept. 3, 2019, during a speech at the Lynnwood Link Extension groundbreaking in Lynnwood. A Thurston County judge ruled he exceeded his authority when he vetoed single sentences in the state transportation budget in 2019. (Olivia Vanni / Herald file)
Judge invalidates Gov. Inslee’s veto in roads budget

Lawmakers said the governor crossed a constitutional line.

Most Read