Friday, April 22, 2011

Statefarm Insurance

. Friday, April 22, 2011 .

"statefarm insurance" - State Farm Insurance is a group of insurance and financial services in the United States. The company also has operations in Canada.

Group's main activity is State Farm Mutual Automobile Insurance Company, a mutual insurance company, which also owns the State Farm companies. The corporate headquarters is in Bloomington, Illinois.

State Farm is ranked 34 in the 2010 Fortune 500 listing of U.S. companies with revenues. According to the Fortune Global 500, State Farm is also the world's biggest mutual P & C (Property & Casualty Insurance) firm.In October 2008, State Farm Insurance Companies of Canada was named one of the Best Employers in Greater Toronto by Mediacorp Canada Inc., which was announced by the Toronto Star

History
State Farm was founded in 1922 by former producer George J. Mecherle as a mutual insurance company car owned by their policyholders. The company originally specialized in auto insurance for farmers. The company later expanded its services into other types of insurance such as homeowners and life insurance, as well as banking and financial services.

State Farm jingle ("Like a good neighbor, State Farm is there") was written by songwriter Barry Manilow in 1971. A cover of Weezer was released in 2011.

In December 2008, State Farm had 67,000 employees and 17,000 agents. March 2009 figures show the service group 77 million policies in the United States and Canada, of which 40 million are for automobiles, and more than 2 million bank accounts.

Edward B. Rust, Jr. is the current president and CEO of State Farm Mutual Automobile Insurance Company, and president and CEO of State Farm Fire and Casualty Company, State Farm Life Insurance Company, and other principal State Farm affiliates. [Citation needed]

On March 1, 2007, State Farm Mutual Automobile Insurance Company announced that it will pay $ 1.25 billion in dividends to its policyholders mutual auto insurance in 46 states, the District of Columbia and the Canadian province of New Brunswick.

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