Congressman Brad Sherman (D -- Sherman Oaks) welcomed today's announcement by Farmers Insurance CEO Jeff Dailey that the company will move its headquarters to Woodland Hills in the San Fernando Valley. As the only Los Angeles area Congressman on the Housing and Insurance Subcommittee of the House Committee on Financial Services, Congressman Sherman is well acquainted with Farmers Insurance and the valuable services they provide to millions of Americans.
"I am pleased to welcome Farmers Insurance to the San Fernando Valley. More people working in the Valley means a more robust economy," Congressman Sherman said.
There are currently 1,490 employees working at the Woodland Hills facility. Farmers Insurance will be moving roughly 1,400 jobs from their mid-Wilshire facility to the Valley over the next five years.
In discussing their decision to move, the company highlighted many of the benefits Valley residents know well. With better access to the freeways, this will provide shorter commutes for a large number of their employees. Also,with the newer facilities in Woodland Hills, Farmers will have an enhanced work environment that will help attract and retain talented Californians.