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State Farm Insurance is a group of mutual insurance companies throughout the United States with corporate headquarters in Bloomington, Illinois. Founded in 1922, it is the largest property, casualty, and auto insurance provider in the United States.
Michael L. Tipsord (born June 20, 1959) is the chairman of the board of State Farm Insurance in Bloomington, Illinois. Tipsord replaced Edward B. Rust Jr. as chairman on September 1, 2015. [ 1 ] State Farm is the 42nd largest company in the United States on the Fortune 500 [ 2 ] and the country’s largest auto and home insurer .
George Jacob "G.J." Mecherle [1] (pronounced "Ma-herl") (June 7, 1877 - March 10, 1951) was the founder of State Farm, headquartered in Bloomington, Illinois.Mecherle, a farmer who later became an insurance agent, founded State Farm after becoming dissatisfied with the insurance rates charged to farmers, as those rates included the risks of city drivers as well.
On December 31 2020, State Farm Insurance announced its acquisition of GAINSCO as an owned subsidiary for $400 million. [3] [4] References
"It took that long to get a franchise deal," Williams, who owns State Farm agencies in Albuquerque and Las Cruces, said. "New Mexico wasn't a viable market for them yet. They went to Nevada first ...
In 2015, Desjardins Insurance acquired the Canadian operations of U.S. based insurer State Farm, [1] which made Desjardins the second largest property and casualty insurer in Canada and the largest in Ontario. [2] This acquisition almost doubled the company's premiums, increasing from 2 billion to 4 billion. [3]
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State Farm Arena is a multi-purpose arena located in Atlanta, Georgia. The arena serves as the home venue for the Atlanta Hawks of the National Basketball Association ...