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State Farm is the largest property and casualty insurance provider, and the largest auto insurance provider, in the United States. [5] State Farm is ranked 39th in the 2024 Fortune 500, which lists American companies by revenue. [6] State Farm relies on exclusive agents (also known as captive agents) to sell insurance.
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.
Case history; Prior: State Farm Mutual Automobile Insurance Co. v. Dept. of Transportation, 680 F.2d 206 (D.C. Cir. 1982); cert. granted, 459 U.S. 987 (1982). Holding; The standard of review for rescinding notice and comment rules is the same as that for enacting rules.
State Farm Fire & Casualty Co. v. United States ex rel. Rigsby State Farm Mutual Automobile Insurance Co. v. Campbell State Farm Research and Development Center
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 .
Edward Barry Rust Jr. (born August 3, 1950) [1] was chairman of the board of State Farm Mutual Automobile Insurance Company, Bloomington, Illinois.He is a former President and Chief Executive Officer of State Farm Mutual Automobile Insurance Company and State Farm Fire and Casualty Company, State Farm Life Insurance Company and other principal State Farm affiliates.
1922. Farmers' future co-founders John C. Tyler and Thomas E. Leavey first met after Tyler moved to California. [4] Tyler and Leavey had both grown up with rural backgrounds and believed that farmers and ranchers, who had better driving records than urbanites, deserved lower insurance premiums.
State Farm's historian claims that "90% of Mecherle's original material is still in the office." [ 7 ] Inside the office are sales receipts dating to 1936 and guest book entries from 1945. Though the office is not open to the public, the company uses it to impart knowledge of the company's past to new employees.