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 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 FarmOverview section
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1. Wikipedia, State Farm
Wikipedialead section
State Farm is a large group of mutual insurance companies throughout the United States.
Lead section, second sentence
Founded in 1922, it is the largest property, casualty and auto insurance provider in the United States.
Associated With: Cooperative Business Model, History section
State Farm was founded in June 1922 by retired farmer George J. Mecherle as a mutual automobile insurance company owned by its policyholders.
Operates In: Insurance Industry, Overview section
State Farm is the largest property and casualty insurance provider, and the largest auto insurance provider, in the United States.
View the Source Frequently Asked Questions
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.
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