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With 64.3 billion revenue it is ranked 43th in the 2012 Fortune 500. One paid workday to participate in activities benefiting a is the Chairman/CEO of State Farm Insurance. Time off for funerals, government obligations, doctor or dentist Service get 10 vacations days 5-14 years of service get 15 vacationĭays: 15-19 years get 20 days 20-24 years get 25 days and over Vacation according to their years of service.
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Insurance policies, process claims and oversee the business inīenefits include medical and dental insuranceĬoverage, life insurance, accident insurance as well as 401 (k)Īlong with annual bonus potential and rewards for meeting businessįull-time employees are eligible for paid The company maintains a 99-acre park south of Bloomington, IL for employees called State Farm Park with recreational facilities for softball, swimming, miniature golf, tennis and even a water park.Ģ5 operations centers in 13 regional zones with staffs that underwrite Mecherle wanted to create a company that would offer auto insurance to farmers at better rates.Ī mutual insurance company owned by policy holders. State Farm was founded in 1922 by George Mecherle, a farmer living in Bloomington, IL. The combined net worth for the State Farm group ended 2013 at $75.9 billion compared with $65.4 billion at year-end 2012. The firm reported net income of $5.2 billion in 2013. In 2013, State Farm had total revenues of $68.3 billion, up from $65.3 billion in 2012. Operations Centers: 30 operations centers in 13 zones have staffs that underwrite insurance policies, process claims, and oversee the companies business in their areas. State Farm Bank had assets of $15.8 billion at the end of 2013. Policy holders can also initiate the claim process online. There are more than 16,000 agent offices. The company has over 44 million auto insurance policies, 27 million property and casualty policies, 7.9 million life insurance policies and 900,000 health insurance policies.Ĭlaims Offices: 343 State Farm claim offices serve policyholders companywide. State Farm has over 80 million policies in force and more than 18,000 insurance agents. It is the nation's largest insurer of homesĪnd insures one out of every five automobiles. In June 2015 Rust announced that after 30 years he would step down as CEO of State Farm in September 2015.State Farm Profile - StateĬompanies in the U.S. The chairman, Harold McGraw III is CEO of McGraw-Hill companies.
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Adlai was born on April 16 1892, in Bloomington, McLean Co., IL. He is also on the board of McGraw-Hill Companies, Inc., New York, NY is one of two co-chairs of the Business Roundtable and is on the Board of Directors for the US Chamber of Commerce. Edward Barry Rust was born on month day 1918, at birth place, Illinois, to Adlai Hollis Rust and Florence Fifer Rust (born Barry). He serves on the boards of directors of Caterpillar Inc., Peoria, Illinois. He became president and chief executive officer in 1985 and was elected to the additional post of chairman of the board in 1987.Ī graduate of Bloomington High School in 1968 and then a graduate of Illinois Wesleyan University in Bloomington, Rust holds both juris doctor and master of business degrees from Southern Methodist University, Dallas, Texas. He is the son of Edward Barry Rust Sr., who was the former chief executive officer and chairman of State Farm Insurance Companies. Chairman and Chief Executive Officer State Farm Insurance Companies James A. and his grandfather Adlai Rust before him also led State Farm.Ī native of Illinois, Rust joined State Farm in 1975. Getz 77 Vice Chair President Aspen Creek Partners Inc. He is also president and chief executive officer of State Farm Fire and Casualty Company, State Farm Life Insurance Company and other principal State Farm affiliates. (born August 3, 1950) is chairman of the board and chief executive officer of State Farm Mutual Automobile Insurance Company, Bloomington, Illinois.