Source: Jayleen R. Heft, PropertyCasualty360.com
State Farm was founded in 1922 in the small farming town of Bloomington, Ill. G.J. Mecherle, the founder of the company, didn’t think it was fair that he and his fellow farmers and families in rural communities paid the same auto insurance rates as those in Chicago.
Just days after the company opened its doors, a new policyholder collided with another vehicle. State Farm had its first claim, and along with it, the opportunity to deliver on the company’s fundamental promise to be there when the unexpected happens. And so it did, paying the claim the very next day and earning a lifelong customer.
With more than 84,000 agents and employees, the company serves over 80 million policies in the U.S. and Canada today.
Photo: State Farm founder G.J. Mercherle (Image from Statefarm.com)