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1. en.wikipedia.org › wiki › George_JGeorge J. Mecherle - Wikipedia

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   George Jacob "G.J." Mecherle (pronounced "Ma-herl") (June 7, 1877 - March 10, 1951) was the founder of State Farm, headquartered in Bloomington, Illinois. Mecherle, a farmer who became an insurance agent also, founded State Farm after becoming dissatisfied with the insurance rates charged to farmers, as those rates included the risks of city ...

2. goodneighborcenter.statefarm.com › our-founderOur Founder – Good Neighbor Center

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   G.J. Mecherle launched State Farm in 1922. The State Farm® Good Neighbor Center spotlights G.J., his vision, and offers a unique view from his office. Get to know the farmer from Merna, IL, the people who support him, and how they kick-started one of America’s most iconic brands.

3. People also ask

   When did George Mecherle start state farm mutual?

   • On June 8, 1922, — the day after George Mecherle's 45th birthday — State Farm Mutual Automobile Insurance Company was in business. Mecherle attempted to adopt programs that gave financial strength to his growing company while providing unique benefits to policyholders beyond what was offered at the time.

   George J. Mecherle - Wikipedia

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   When did Raymond Mecherle start State Farm?

   • Raymond Mecherle took over leadership of State Farm in 1937 from his brother and company founder, George J. Mecherle. Inheriting a company recently beset by financial troubles, Raymond sought to stabilize operations before resuming growth.

   State Farm CEO History: From Mecherle to Tipsord

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   Why did Mecherle leave State Farm?

   • However, the company faced financial strains leading up to Mecherle's departure in 1937. His overly rapid expansion of agents and products contributed to rising expenses and losses. This led to a crisis in the early 1930s, threatening State Farm's stability. Mecherle was ultimately forced to take out high-interest loans to keep the company solvent.

   State Farm CEO History: From Mecherle to Tipsord

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4. www.historyoasis.com › post › state-farm-ceo-historyState Farm CEO History: From Mecherle to Tipsord

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   George J. Mecherle established State Farm in 1922 as a mutual automobile insurance company for farmers. Having spent most of his career as a farmer in rural Illinois, Mecherle recognized the unmet insurance needs of the agricultural community.

5. www.hbs.edu › detailsGeorge J. Mecherle - Leadership - Harvard Business School

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   Since his employer refused to offer differential rates, Mecherle started his own firm, State Farm Insurance and began a career that would revolutionize the insurance business – introducing low risk rates, safe driver discounts, and semi-annual payment plans.

6. blas.com › the-farmer-from-mernaThe Farmer From Merna: A Biography of George J. Mecherle and ...

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   May 31, 2018 · Key Takeaways. Mecherle's ancestors were German farmers and immigrated to America, eventually settling down in Bloomington, IN. The rule of George's household was integrity. It was their duty to become trusted members of the community.

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8. en.wikipedia.org › wiki › State_FarmState Farm - Wikipedia

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   State Farm was founded in June 1922 by retired farmer George J. Mecherle as a mutual automobile insurance company owned by its policyholders. The firm specialized in auto insurance for farmers and offered better rates than rival companies, which must also cover expensive premiums of the urban motorists. [11]

9. www.insurancehalloffame.org › george-j-mecherle-simpleGeorge J. Mecherle | Insurance Hall of Fame

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   Mr. George Mecherle was a second-generation farmer in Central Illinois whose family migrated to the U. S. from Germany. As an early owner of automobiles, he became concerned with high cost of auto insurance charged by all stock insurance companies at that time.