Michael Tipsord | Business Roundtable

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What is Business Roundtable

Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies working to promote sound public policy and a thriving U.S. economy.

More Than Leaders. Leadership.

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.

About BRT
Michael Tipsord is Chairman, President and Chief Executive Officer of State Farm Mutual Automobile Insurance Company. 

Michael began his State Farm career in 1988. After serving in a variety of leadership roles, he was named vice chairman and chief financial officer in 2004. Michael was named chief operating officer in 2011. 

In Sept. 2015, Michael was named chief executive officer and was elected to the office of president earlier the same year. He was elected Chairman of the Board of State Farm Mutual Automobile Insurance Company in June 2016. 

Michael practiced law prior to joining State Farm.

A native of Illinois, Michael received a bachelor’s degree from Illinois Wesleyan University in Bloomington 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 a member of the American Bar Association and Illinois State Bar Association. He serves on the board of directors for Navigant Consulting, Inc. and is a trustee of the Brookings Institution. He is also a member of the dean’s advisory board for the University of Illinois College of Law.

He is a member of the board of directors of State Farm Mutual Automobile Insurance Company, State Farm Fire and Casualty Company, State Farm Life Insurance Company, State Farm Life and Accident Assurance Company, State Farm Health Insurance Company, State Farm Bank®, F.S.B. State Farm Investment Management Corp., State Farm VP Management Corp.