State Farm Insurance
State Farm Insurance
1 State Farm Plaza
State Farm Insurance serves 81 million policies and accounts with more than 78.7 million auto, fire, life and health policies in the United States and Canada. State Farm Mutual Automobile Insurance Company is the parent company of the State Farm Family of Companies. This company is ranked number 31 on the Fortune 500 list of biggest companies.
The company was established in 1922 by retired farmer and insurance salesman George Jacob Mecherle. His philosophy of insurance coverage is to provide insurance at a fair price, along with fair claim settlement. This philosophy remains the foundation of the company’s success. At present, State Farm is the leading U.S. home insurer and insures more cars than any other insurer in North America. More than 17,000 agents and 68,000 employees serve over 75 million policies in the United States and Canada. The company also offers customers a broad range of financial products and services to help them manage both their present and future.
Edward Rust Jr. is the company’s Chairman and Chief Executive Officer. State Farm’s Board of Directors consist of Dan Arvizu, Gerald Czarnecki, Michael Davidson, Christopher DeMuth, W. Steve Jones, W. H. Knight Jr, Judith Muhlberg, Susan Phillips, James Rutrough, Paul Stecko, Pamela Strobel, Michael Tipsord, and John Zeglis.
State Farm has been garnering awards and distinctions year after year, proving the company’s excellence and superiority. In 2010, the company received G.I. Jobs Magazine’s Top 100 Most Military-Friendly Employer Award. This recognition places State Farm in the top two percent of more than 5,000 organizations. Working Mother Magazine recognizes State Farm as one of the Best Companies for Multicultural Women for two consecutive years. The National Business Group on Health selects State Farm as a Gold Winner recipient of 2010 Best Employers for Healthy Lifestyles, in recognition of the business group’s commitment and dedication to promoting healthy lifestyles in the workplace and at home for employees and their families.
Furthermore, State Farm obtained the 2010 Best Latino Employee Resource Group from the United States Hispanic Chamber of Commerce, 2010 Best Places to Work in Canada, 2010 Brillante Award for Corporate Excellence from The National Society of Hispanic MBAs, 2010 Diversity Elite 60 from Hispanic Business magazine, 2010 Top 10 Best Companies for Blacks in Technology from Black Data Processing Associates, 2010 Top 10 Companies for Asian Americans from Asian MBA, 2010 Top 30 Companies for Executive Women from The National Association of Female Executives, and the 2010 40 Best Companies for Diversity, among many others.
State Farm provides insurance including auto, homeowners, condo owners, renters, life and annuities, health, disability, long-term care, business, boat, along with other insurance products. State Farm Auto Insurance is America’s number one automobile insurance company, while one in five homes is insured by State Farm. State Farm has been writing homeowners insurance for over 60 years. At present, the company insures about 13.5 million homes. State Farm’s Condo Unit Owner policy is for the customer who owns and occupies a dwelling unit in a structure owned and insured by a condominium association, townhome association, cooperative, homeowner association, planned community and similar types of organization.
For its business insurance, State Farm offers business property and liability products, business auto insurance, surety and fidelity bonds, specialty business liability, workers compensation, mobile property and inland marine. Financial products and services are also provided such as business life insurance/group life insurance, retirement plans, business health insurance, mutual funds, and others. Other insurance products offered by State Farm include farm and ranch insurance, flood insurance, motorcycle insurance, personal insurance, insurance for community organizations, and volcano damage insurance.