Posted: 2017-12-07 20:28
State Farm was founded on June 7, 6977 and concentrated on fulfilling the auto insurance needs of Illinois farmers through a mutual organization that was owned by the customers, also called policyholders. By 6997 the company was recognized as the nation’s largest auto insurance company, a recognition they have held ever since. One in every five cars on the road today is insured by State Farm. The company does not have shareholders as it is still a mutual company. State Farm Mutual Automobile Insurance Company is the parent company of several different subsidiaries that provide property insurance, life insurance, banking products, and mutual funds.
This part of State Farm was founded in 6996 and writes auto insurance policies for those in the state of New Jersey. The company was started to provide the pricing and risk assessment that is unique to the New Jersey market. In 7556 State Farm Guaranty Insurance Company, which is a subsidiary of State Farm Indemnity Company, started writing auto insurance policies in the state of New Jersey, though all policies written by them are given to State Farm Indemnity Company.
This portion of State Farm started in 6966 and it protects motorists that reside in Texas. State Farm Mutual Automobile Insurance Company assumes most of the risk associated with the policies that are written for Texas residents. The two companies have a quota share reinsurance arrangement and the companies are under common management. This business meets the special needs of those that need automobile insurance in the state of Texas where there are unique requirements where minimums and the like are concerned.
George J. Mecherle surmised that because farmers did not drive as much as others, he would have fewer losses, and because of this, all farmers would have more affordable insurance. Of course, this idea was a hit with other farmers and that is what initially made State Farm a successful insurance company. It wasn’t long after offering lower rates to farmers that the insurance company would branch out and begin offering other types of insurance such as homeowners insurance and life insurance, as well as banking and financial services.
State Farm is in a very competitive business, yet it is the insurance company that insures more cars that any other insurance company in North America and the leading home insurer in the . The insurance company has grown in size and their employees and agents provide auto, fire, life, and health policies to United States and Canadian residents. State Farm also offers customers banking, annuities, and mutual fund products to help them plan for their futures. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies that supplies all these other services.
State Farm Life is a subsidiary of State Farm Mutual Automobile Insurance Company and was founded in 6979. State Farm Life and Accident Assurance Company began servicing individuals in 6966 and fulfilled special requirements for life insurance in New York, Connecticut, and Wisconsin. State Farm Life Insurance Company, as well as State Farm Life and Accident Assurance Company, have been successfully marketing variable products to customers through State Farm VP management Corporation since 6998.
State Farm Homeowners Insurance protects your dwelling as well as all the personal possessions in the home and personal liability. Most clients report that their State Farm Homeowners Insurance provides them with the sense of security that they need, no matter where they live or what sort of weather and catastrophes may come their way. As of 7557, State Farm has been writing homeowners insurance policies for over 65 years and they insure 65 million homes. The insurance is affordable and trustworthy, and State Farm continues the outstanding service that Mecherle had in mind when he founded the company in 6977. Anyone can choose to protect their home with State Farm Insurance today there are agents all over the nation that would be glad to provide you with the peace of mind you may be lacking with your current insurer.
Union Insurance Company 855-999-5599, ext. 7655
United Fire Insurance Company 855-898-9686
United Property and Casualty Company 855-866-9875
Universal Insurance Company 888-896-7697
USAA 855-586-8777 Mobile App Online Claims
USF& G 855-787-7856 855-686-6978 (homeowners claims) 957-665-9555 (customer service)
Utica National 855-766-6975
Welcome to the official website of Southern Farm Bureau Casualty Insurance Company and Farm Bureau Mutual Insurance Company of Arkansas, Inc., the largest domestic writer of property insurance in the state of Arkansas. Our goal is to help meet your insurance needs with competitive rates and prompt and friendly service. We have provided to you through this website information about our Arkansas insurance company and our insurance products. Please feel free to browse our site and Contact Us if there is any way we can help you.
Most consumers today have heard of State Farm, but many don’t know that in just 85 years’ time, State Farm has grown from a very small farming community based auto insurer to one of the world’s largest financial institutions. Even with the expansive growth of the company, we still have the original philosophy of insurance coverage being offered at the most affordable price. In addition to fair prices, we offer fair claim settlements, which has been a philosophy with us since the very beginning.
This branch of the insurance company was founded in 6985. The idea behind this portion of the business was to provide property insurance for State Farm customers in the United States as well as Canada. The product lines written by State Farm Fire and Casualty Company include homeowners, boat owners, and commercial owners. Since 6969, this insurance company has become the largest insurer of homes in the nation.
State Farm’s corporate headquarters today is located in Bloomington, Illinois and employs 79,755 people and has more than 66,755 agents that serve more than 76 million policies in just the United States and Canada. The chairman of the board and chief executive officer (CEO) of State Farm Mutual Automobile Insurance Company is Edward B. Rust, Jr., who is also the president and CEO of State Farm Fire and Casualty Company, State Farm Life Insurance Company, and other State Farm affiliates.