Anonymous
Anonymous asked in Business & FinanceInsurance · 1 decade ago

looking for history 1940 - 1959 of state farm insurance company for a project.?

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  • 1 decade ago
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    GREETINGS,

    About State Farm ins

    At age 22, George J. Mecherle (pronounced Ma-herl) started farming his own land near Bloomington, Ill. In 1901 he married Edith Mae Perry who joined him on his farm. Within a few years, he was one of the leading farmers in the area.

    After they had farmed 20 years, Mrs. Mecherle's health began to fail and the couple decided to move to Bloomington. Unable to sit still, George Mecherle accepted a job selling insurance for a small company. He was successful as a salesman, but he didn't feel the rates or the business practices of the company suited the needs of farmers.

    When he suggested a better way to sell insurance, his employer laughed and said, "If you think you've got such a good idea, why don't you start your own company?" So he did.

    Mecherle believed that farmers should pay less for insurance because they drove less and had fewer losses than folks living in cities. Using this idea, he started State Farm ins in 1922 as a mutual automobile insurance company owned by its policyholders.

    By 1928, the decision was made to decentralize. Employees from the Bloomington, Ill office -- along with other employees hired in Berkeley, Cal -- established the Company's' first branch office. This office provided support for agents and brought service closer to the customer.

    The Berkeley office was the beginning of a tradition that, as of today, has resulted in 25 operations centers in 13 zones. State Farm has grown to include 79,200 employees and more than 16,700 agents servicing 71.6 million policies in the United States and Canada.

    In just over 80 years, State Farm Insurance Companies® has grown from a small farm mutual auto insurer to one of the world's largest financial institutions. But despite State Farm's growth, Mecherle's original philosophy of insurance coverage at a fair price coupled with fair claim settlement has remained.

    Our Mission, Our Vision, and Our Shared Values

    State Farm's mission is to help people manage the risks of everyday life, recover from the unexpected and realize their dreams.

    We are people who make it our business to be like a good neighbor; who built a premier company by selling and keeping promises through our marketing partnership; who bring diverse talents and experiences to our work of serving the State Farm customer.

    Our success is built on a foundation of shared values -- quality service and relationships, mutual trust, integrity and financial strength.

    Our vision for the future is to be the customer's first and best choice in the products and services we provide. We will continue to be the leader in the insurance industry and we will become a leader in the financial services arena. Our customers' needs will determine our path. Our values will guide us." - statefarm.com

    http://www.statefarm.com/ this is their site where you can find out more.

  • 1 decade ago

    Contact a local State Farm agent and ask for contact information for the public relations department in their corporate headquarters in Bloomington, Illinois. State Farm has a huge library of all kinds of history about the company as well as numerous old photos and artifacts. State Farm takes great pride in preserving its history and I'd bet they'd be happy to give you a hand.

    Source(s): State Farm retiree
  • Anonymous
    1 decade ago
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