The History Of State Farm Insurance

By Jill Branham


The State Farm Insurance Company was formed in the year 1922 by George Michelle. It started as a car insurance company and it was owned by the clients of the insurance company. Today, the company has expanded in several spheres acting as a financial as well as an insurance company. It has offices in several parts of the United States and in Canada. The company later extended its tentacles to the farm insurance policies when it started the state farm insurance company. The headquarters of this insurance company is based in Bloomington, Illinois. It happens to be one of the wealthiest corporations in the country as it was highly ranked by no aside from the Fortune 500 when it ranked the best companies in this country in the opinion of the money they have posted.

The deviser of the insurance company was a retired farmer. He established the insurance company first as auto insurance though it was serving the needs of farmers. Nevertheless the company because of its acceptability and growth made a decision to expand its services to different kinds of insurance coverage like the life insurance policy, homeowners insurance plan and a few others. The company later extends its services to banking and other financial services.

The State Farm Insurance Company is legendary for its well-liked slogan which is titled "Like a good neighbor". This slogan was taken out of the popular song which was written in the year 1971 by the widely known singer Barry Manilow. This is proving to be one of the largest firms in the country.

To show the State Farm Insurance is amongst the largest corporations in The United States; the company has on its payroll more than 67, 000 folks. Also, it has agents that are more than 17,000 in number. As of the year 2009 the company is providing insurance coverage to over seventy 7,000,000 folks across the land and the Canada. About forty million of the insurance coverage is for vehicle policies in this country and in Canada. It's also servicing more than 2,000,000 bank accounts in these two states.

It would be recalled that the company started as a single line insurance company that's covering only vehicle. It is fantastic the company has grown really faster such that more than 100 services and products are today being managed by State Farm. The company excels in the five lines of enterprises it's currently operating. Many of their clients have the idea that they might manage their present situation to get ready for the doubt that might arise tomorrow. This is in line with the dream and the philosophy of the company. The company is today treating nearly 35 thousand assertions of its customers on a day-to-day basis.

There are numerous benefits that the State Farm Insurance is extending to its customers and for the communities also. Today the company is reputable for providing different forms of community services like offering differing types of sponsorships, providing academic leadership, providing of safety programs for the communities and their clients as well as offering different types of service learning. It's one of the people friendly insurance firms in America.




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