Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

December 01, 2015 6:52 AM ET


Company Overview of State Farm Mutual Automobile Insurance Company

Company Overview

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

United States

Founded in 1922





Key Executives for State Farm Mutual Automobile Insurance Company

Vice Chairman, Chief Executive Officer and President
Age: 55
Vice Chairman and Chief Agency & Marketing Officer
Chief Administrative Officer and Executive Vice President
Age: 57
Chief Legal Officer, Executive Vice President and Secretary
Executive Vice President
Compensation as of Fiscal Year 2015.

State Farm Mutual Automobile Insurance Company Key Developments

State Farm Announces Executive Changes

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.

Wage Case for State Farm Mutual Automobile Insurance Co's Employees Settles

A federal judge in Missouri approved an $877,621 settlement for wage and hour claims made by an insurance company's employees in Minnesota and Arizona. In a class action lawsuit, attorneys from Stueve Siegel Hanson and Lear Werts alleged that State Farm Mutual Automobile Insurance Co.’s timekeeping policy caused employees to perform unpaid work. The suit claimed the insurer required employees at its operations centers to engage in duties before and after shifts and during breaks. The suit alleged that employees were paid under an exception hourly system. Though classified as non-exempt, the workers did not clock in or out but were paid for a standard amount of hours per week unless the employee entered exceptions, such as for sick time or vacation. The initial suit was aimed at State Farm’s operation in Columbia, Missouri, and later amended to include Minnesota, Arizona and Oklahoma. The classes in Oklahoma and Missouri, however, were decertified in 2013 after Judge Nanette K. Laughrey ruled that the workers in those states didn’t meet the requirements of the class. Among other things, the judge found evidence that the employees had been able to use 'flextime' to make up for extra hours worked. Laughrey approved the final agreement in March. The settlement amount included $289,615 in attorney fees, constituting a third of the settlement amount.

Dameron Hospital Association Sues State Farm Mutual Automobile Insurance Co. for Alleged Failure to Pay Hospital Liens

State Farm Mutual Automobile Insurance Co. is the defendant in a lawsuit that claims it has not honored hospital liens for patients treated after motor vehicle accidents. According to the lawsuit, Dameron Hospital Association routinely treats patients who have been injured by third parties. Dameron files a lien in order to recover patient fees from the third party or his insurance carrier. The lawsuit alleges that State Farm failed to pay those liens and now is indebted to Dameron in an amount not less than $9,264. State Farm filed a notice to remove the case to the U.S. District Court for the Eastern District of California.

Similar Private Companies By Industry

Company Name Region
Lincoln National Capital II United States
Frandisco Life Insurance Co. United States
Colonnade Vermont Insurance Company United States
Near North Insurance Brokerage, Inc. United States
Texas General Agency, Inc. United States

Recent Private Companies Transactions

May 21, 2015
State Farm Mutual Automobile Insurance Co., Two Properties at the Papago Park Center

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact State Farm Mutual Automobile Insurance Company, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at