Friday 5 February 2016

State Farm Insurance

The State Farm Story began with Mecherle's original vision for State Farm: operate fairly and do the right thing for our customers. While his vision still guides us today, our continued mission is to be the first and best choice in the products and services we provide.

Originally a single line auto insurance company, State Farm now offers nearly 100 products and services, in five different lines of business, to help customers manage today and prepare for tomorrow. We show our commitment to our policyholders by handling nearly 35,000 claims per day. The history of State Farm not only demonstrates we do the right thing for our customers; we do the right thing for communities. We are heavily involved in and support communities through sponsorships, safety programs, education leadership, and service-learning.

Known as a public leader in auto safety efforts, State Farm helped pass a number of seat belt laws and continues to fight for seat belt and teen driver safety.

We work to build safer, stronger, and better educated communities across the United States. We are committed to the future through our green efforts and by helping raise the levels of achievement of our nation's teachers and students.

We help build strong communities by supporting programs that enable home ownership, create safe neighborhoods, and making our homes and highways safe through activities aimed at preventing and reducing injury and loss.

In our schools and communities, online and offline, through statefarm.com® or one of more than 18,000 agent offices, State Farm is there.

Summary:
State Farm is a group of insurance and financial services companies in the United States. In 2014, the company sold its operations in Canada to Desjardins Group, which is continuing to use the State Farm name.

The group's main business is State Farm Mutual Automobile Insurance Company, a mutual insurance firm that also owns the other State Farm companies. The corporate headquarters are in Bloomington, Illinois.

State Farm is ranked 44th in the 2013 Fortune 500, which lists American companies by revenue.

Overview:
As of December 2013 State Farm had 65,000 employees and 18,000 agents. February 2014 figures show the group servicing 80 million policies in the United States and Canada, of which over 44,000,000 are for automobiles, 27,000,000 are for fire, 7,000,000 for life, and more than 2 million bank accounts.

Edward B. Rust, Jr. is the chairman and CEO of State Farm Mutual Automobile Insurance Company, and president and chief executive officer of State Farm Fire and Casualty Company, State Farm Life Insurance Company, and other principal State Farm affiliates.

In 2014, the company sold its operations in Canada to Desjardins Group. Canadian policies were transferred to be underwritten by Desjardins Group on January 1, 2015. The State Farm brand continues to be used for agents and marketing.

Services:

State Farm Safety Patrol – State Farm, in partnership with several U.S. highway authorities, operates a service called the State Farm Safety Patrol which provides free roadside assistance to stranded motorists on participating highways, when you call the designated telephone number for the Safety Patrol they will respond and provide the following services: fuel refills; radiator refills; engine oil refills. Most Safety Patrol personnel are also CPR and Automated External Defibrillator certified. They work to reduce accident rates, minimize the duration time of incidents, assist disabled drivers and remove road debris. Turnpikes which currently participate include, Florida's Turnpike in the State of Florida and the Pennsylvania Turnpike in the Commonwealth of Pennsylvania. In Ohio, State Farm–branded safety patrol vans service major highways in the Cincinnati, Toledo, Cleveland, Columbus, Dayton, Akron, and Canton areas on weekdays

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