STATE FARM

STATE FARM is the largest company in the United States that operates in personal property and casualty insurance. Its business has covered the entire country, selling auto insurance, home insurance, non-medical health insurance, and life insurance through approximately 17,000 insurance agents. As barriers to entry between banking, securities, and insurance industries have decreased, the company faces increasingly fierce market competition. STATE FARM has obtained a license to operate savings services and established State Farm Financial Services, providing savings, fixed deposits, mortgages, auto loans, and home equity loans via telephone and the internet.