Business Roundtable is an association of chief executive officers of leading U.S. companies working to promote a thriving economy and expanded opportunity for all Americans through sound public policy.
Michael L. Tipsord is Chairman, President and Chief Executive Officer of State Farm Mutual Automobile Insurance Company. State Farm® and its affiliates are the largest providers of auto, home and individual life insurance in the United States.
Nearly 19,000 agents and 70,000 employees live the State Farm mission to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams.
Alongside the State Farm senior executive leadership team, Michael is driving State Farm to demonstrate unsurpassed value to customers and grow the business in an expanding, evolving and increasingly complex marketplace.
Michael was elected chief executive officer in Sept. 2015, and president earlier the same year. He was elected chairman of the board of State Farm Mutual Automobile Insurance Company in June 2016.
Michael began his State Farm career in 1988 and has served in a number of leadership roles including vice chairman of the board, chief operating officer and chief financial officer.
A native of Illinois, Michael received a bachelor’s degree from Illinois Wesleyan University in Bloomington, Ill., and a law degree from the University of Illinois at Urbana-Champaign. He earned the Chartered Property Casualty Underwriter® (CPCU) designation in 1995, the Chartered Life Underwriter® (CLU) designation in 1991, and is a Certified Public Accountant (CPA)
Michael is chairman-elect of the Financial Services Roundtable's board of directors. He also serves on the board of directors for Navigant Consulting, Inc. He is a trustee of the Brookings Institution and is a member of the dean’s advisory board for the University of Illinois College of Law. Michael is also a member of the American Bar Association and Illinois State Bar Association.