Company Overview of State Farm Mutual Automobile Insurance Company
State Farm Mutual Automobile Insurance Company provides various insurance and financial services in the United States and Canada. Its insurance products include general, auto, accident, homeowners, condo owners, renters, life and annuities, fire and casualty, health, disability, long term care, business, and boat insurance products. The company also offers farm and ranch, flood, motor cycle, personal articles, personal liability umbrella, community organizations, and volcano damage insurance products. It sells its insurance products through agents. In addition, the company provides various banking products comprising checking and interest checking accounts, money market accounts, certificate...
One State Farm Plaza
Bloomington, IL 61710-0001
Founded in 1922
Key Executives for State Farm Mutual Automobile Insurance Company
Chairman, Chief Executive Officer and President
Vice Chairman and Chief Agency & Marketing Officer
Chief Administrative Officer and Executive Vice President
Chief Legal Officer, Executive Vice President and Secretary
Compensation as of Fiscal Year 2016.
State Farm Mutual Automobile Insurance Company Key Developments
State Farm Mutual Announces Executive Changes
Jun 13 16
State Farm Mutual Board of Directors unanimously elected CEO Michael Tipsord to the position of Chairman of the Board. Tipsord succeeds outgoing Chairman Edward B. Rust Jr. Tipsord was elected to the office of president in 2015, and succeeded Rust as CEO later that same year. Tipsord serves on the board of directors for Navigant Consulting Inc. and is a trustee of the Brookings Institution. He is also a member of the dean's advisory board for the University Of Illinois College Of Law.
State Farm To Sell Campus In Richardson
Jan 19 16
State Farm Mutual Automobile Insurance Company is planning to sell its new 2 million-square-foot regional hub in Richardson. State Farm could also sell its two other similar hub campuses in Atlanta and Phoenix. The regional campus in Richardson is expected to be brought to the market via Eastdil Secured, according to real estate sources. A spokesman with State Farm was not immediately available to comment on January 19, 2016.
State Farm Announces Executive Changes
Jun 4 15
State Farm Chairman and CEO Edward B. Rust Jr. announced that Michael Tipsord, State Farm president and chief operating officer, will succeed him in September as chief executive officer. Rust, who has served as CEO the past 30 years, will continue as chairman of the board. Tipsord was named chief financial officer in 2004, chief operating officer in 2011 and was elected to the office of president in 2015. Tipsord is a member of the board of directors of State Farm Mutual Automobile Insurance Company and its principal affiliates.
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