Ethics
What do you think of when you hear the word ethics? There are many times in our personal and business lives that we will face dilemmas where we will have to decide what is the right choice. Sometimes the unethical choice won't hurt us immediately, but time passes things tend to catch up with everyone. What, then, is ethics? Ethics refers to well based standards of right and wrong that prescribe what we as humans ought to do, in terms of rights, obligations, benefits to society, fairness, or specific virtues. Ethical standards enjoin virtues of honesty, compassion, and loyalty.
State Farm is one of the most well known insurance companies in the world today. The company was founded in 1922 and is still going today. It is not just one company, but is built by subsidiary companies that offer both insurance and financial services, which was all form under State Farm Automobile Insurance Company. There are over 17,000 agents and 69,000 employees that serve nearly 73 million policies within the United States and Canada putting it at number nineteen on the Forbes 500 list of largest companies according to Business Ethics Magazine. According to Wikipedia.com State Farm didn't get its name from offering crop insurance, but instead by providing automobile insurance to farmers. It was founder George J. Mecherle who believed that farmers drove less than city drivers and were involved in fewer accidents so they should be able to pay less for insurance. Since the company began it has expanded in to providing home owners insurance and life insurance. State Farm Bank, which provided banking and financial services has strived for perfection, and has become the sixth largest bank ...