Companies and Brands
State Farm Mutual Automobile Insurance Company
Also Known As State Farm
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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.
Facts
Company TypeMutual insurance company 1 Founded Year HeadquartersBloomington, Illinois, U.S. 1 Cross-Tradition Connections
Associated With
A mutual insurance company owned by its own policyholders, the member-ownership structure the cooperative business model is defined by.
Operates In
Sources
1. Wikipedia, State Farm
Wikipedialead sectionQuote, lead section
State Farm is a large group of mutual insurance companies throughout the United States.
1. Wikipedia, State Farm
1. Wikipedia, State Farm
WikipediaAssociated With: Cooperative Business Model, History sectionQuote, 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.
1. Wikipedia, State Farm
WikipediaOperates In: Insurance Industry, Overview sectionQuote, 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.
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