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Website: http://www.statefarm.com State Farm is one of the top insurance companies in the U.S. It is the nation's largest insurer of homes and insures one out of every five automobiles. It also insures more than 1 million pleasure boats. State Farm also offers banking services and mutual funds to customers. State Farm has over 76 million policies and account in force and 17,000 insurance agents. The company has 40 million auto insurance policies. Claims Offices: 391 State Farm claim offices serve policyholders companywide. 30,600 employees -- almost half of State Farm's work force -- deal with claims in some fashion. Policy holders can also initiate the claim process online. Operations Centers: 24 operations centers in 13 zones have staffs that underwrite insurance policies, process claims, and oversee the companies business in their areas. In 2007, State Farm had total revenues of $61.6 billion, up from $60.5 billion in 2006. Net income was $5.46 billion. This was the fifth consecutive year of profit for State Farm, following two years of significant losses. State Farm was founded in 1922 by George Mecherele, a farmer living in Bloomington, IL. Mecherle wanted to create a company that would offer auto insurance to farmers at better rates. State Farm is not publicly-traded but is a mutual insurance company owned by policy holders. Benefits State Farm has employees nationwide with 25 operations centers in 13 regional zones with staffs that underwrite insurance policies, process claims and oversee the business in their areas. Benefits include medical and dental insurance coverage, life insurance, accident insurance as well as 401 (k) and retirement plans. State Farm offers a competitive salary along with annual bonus potential and rewards for meeting business objectives. Full-time employees are eligible for paid vacation according to their years of service. The vacation year runs from June 1 through May 31. Employees with: 1-4 years of service get 10 vacations days; 5-14 years of service get 15 vacation days: 15-19 years get 20 days; 20-24 years get 25 days; and over 30 years of service earn 30 days a year. Other time off benefits include: - Seven paid holidays per year Updated March 8, 2008
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