State Farm Mutual Automobile Insurance Company is the largest property and casualty insurance provider in the United States by market share. Retired farmer and insurance salesman George J. Mecherle founded it in 1922 in Bloomington, Illinois, originally to sell automobile insurance to farmers at lower rates than existing urban focused insurers charged, and it grew into a mutual company owned by its policyholders, offering auto, home, life and other lines of insurance. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
Facts
Company TypeMutual insurance company 1 Founded Year HeadquartersBloomington, Illinois, U.S. 1 Company Type
Company Type (category) FAQs
Why did State Farm originally focus on selling insurance to farmers?
State Farm Mutual Automobile Insurance Company was founded in 1922 in Bloomington, Illinois by retired farmer and insurance salesman George J. Mecherle, originally to sell automobile insurance to farmers at lower rates than existing urban focused insurers charged. It grew into a mutual company owned by its policyholders and is now the largest property and casualty insurance provider in the United States.
Connections
Associated With
A mutual insurance company owned by its own policyholders, the member-ownership structure the cooperative business model is defined by.
Source Wikipedia, State Farm
Operates In
Additional Source Wikipedia, State FarmLead section
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Located In
Also in Geography Atlas: where this subject is located.
Source Wikipedia, State FarmLead sentence 1tier 2Quote, Lead sentence 1
State Farm Insurance is a group of mutual insurance companies throughout the United States with corporate headquarters in Bloomington, Illinois.
Sources
1. Wikipedia, State Farm
WikipediaLead section
State Farm Insurance is a group of mutual insurance companies throughout the United States with corporate headquarters in Bloomington, Illinois.
Lead section, second sentence
Founded in 1922, it is the largest property, casualty and auto insurance provider in the United States.
Infobox: type
Private (mutual)
Associated With: Cooperative Business Model, Infobox: founded
June 7, 1922
View the Source Wikidata: State Farm Mutual Automobile Insurance Company
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