October 19, 2017 11:31 AM ET

Insurance

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

Phone:

309-766-2311

Fax:

309-766-3621

Key Executives for State Farm Mutual Automobile Insurance Company

Chairman, Chief Executive Officer and President
Age: 57
Chief Administrative Officer and Executive Vice President
Age: 59
Chief Legal Officer, Executive Vice President and Secretary
Chief Marketing Officer and Chief Agency Officer
Executive Vice President
Compensation as of Fiscal Year 2017.

State Farm Mutual Automobile Insurance Company Key Developments

State Farm Presents at 2017 Megaputer Analytics Conference, Oct-18-2017

State Farm Presents at 2017 Megaputer Analytics Conference, Oct-18-2017 . Venue: Bloomington Convention Center, Bloomington, Indiana, United States.

State Farm Plans to Close its Tulsa Operations Center in 2019

State Farm announced that it plans to close its Tulsa operations center in 2019. The company will be moving the 530 jobs that it currently has in Tulsa. Employees will have opportunities at other State Farm locations. The Tulsa operations center was among the facilities the company sold and then leased back in 2013. At the time, it employed about 900. The center has been open since 1989. The decision was made in an effort to gain efficiency across its operations by concentrating employees in larger locations. Some of those locations include much larger metro areas such as Dallas, Phoenix and Atlanta. The three-story Tulsa operations center, which is north of the Broken Arrow Expressway between Garnett Road and 129th East Avenue, handles claims and underwriting functions and has several general departments including human resources and administrative services.

Court Denies State Farm Mutual Automobile Insurance Co. Appeal to Block Racketeering Lawsuit

A federal appeals court has rejected State Farm Mutual Automobile Insurance Co.'s appeal to block a class-action lawsuit filed against the company related to its involvement in aiding the election of an Illinois Supreme Court justice. The case has been sent back to a U.S. District Court in East St. Louis, Ill., where the trial will begin. State Farm will continue to defend its position. The company was facing a $1.05 billion judgment after policyholders accused State Farm of using auto parts of poor quality to repair damaged vehicles.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 25, 2017
Park Center I at Hammond Drive
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