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The History Of State Farm Insurance

By Jill Branham


The State Farm Insurance Company was formed in the year 1922 by George Michelle. It started as a vehicle insurance company and it was owned by the policyholders of the insurance company. Today, the company has expanded in one or two spheres acting as a money as well as an insurance company. It has offices in 1 or 2 parts of the United States and in Canada. The company later extended its tentacles to the farm insurance policies when it started the state farm insurance company. The headquarters of this insurance company is based in Bloomington, Illinois. It happens to be one of the wealthiest firms in the country as it was highly ordered by no other than the Fortune 500 when it ranked the best firms in this country according to the revenues they have posted.

The founder of the insurance company was a retired farmer. He built the insurance company first as auto insurance although it was serving the needs of farmers. Nevertheless the company due to its acceptability and expansion made a decision to expand its services to other forms of insurance coverage like the life insurance policy, house owners insurance plan and a few others. The company later extends its services to banking and other financial services.

The State Farm Insurance Company is known for its popular slogan which is titled "Like a good neighbor". This slogan was taken out of the preferred song which was drafted in the year 1971 by the widely known vocalist Barry Manilow. This is one of the most important corporations in the country.

To show that the State Farm Insurance is one of the biggest corporations in America; the company has on its payroll more than 67, 000 people. Moreover, it has agents that are more than 17,000 in number. As of the year 2009 the company is providing insurance coverage to above seventy 7,000,000 folks across the land and the Canada. About forty million of the insurance coverage is for auto policies in this country and in Canada. It is also servicing more than two million bank accounts in these 2 nations.

It might be remembered that the company started as a single line insurance company that is covering only vehicle. It is astounding the company has grown really faster such that more than one hundred services and products are today being managed by State Farm. The company excels in the 5 lines of enterprises it is now operating. Lots of their clients have the belief that they'd manage their present situation to make preparations for the uncertainty that would arise tomorrow. This is in accordance with the dream and the philosophy of the company. The company is today treating almost 35 thousand allegations of its customers on an everyday basis.

There are plenty of benefits that the State Farm Insurance is extending to its shoppers and for the communities too. Today the company is reputable for providing different forms of community services like offering differing types of sponsorships, providing educational leadership, providing of safety programs for the communities and their clients as well as offering differing types of service learning. It happens to be one of the people friendly insurance companies in The United States.




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