Posted on: Oct 26, 2021 at 1:09 am
Last updated: October 26, 2021, 4:03 am.
State Farm is celebrating its 100th anniversary this coming June, and if rumors prove true, the insurance giant will be a good neighbor of Las Vegas. That is to bring an influx of businesses to the casino city.
A State Farm employee examines the property damage in a file photo. Rumor has it that the company is considering Las Vegas for its 100th anniversary celebration. (Image: State Farm)
State Farm was founded on June 7, 1922 by a retired farmer. The company initially specialized in insurance for farmers. Over the past 100 years, the group has expanded significantly to include a range of insurance and banking services.
State Farm is reportedly planning a huge party next June to celebrate its rich history. And Vital Vegas’s Scott Roeben, a leading Las Vegas insider, says the Strip will serve as the playground for the company’s centenary.
Rumor has it that the Yuge company reserved 20,000 rooms in Vegas with a superstar gig at the Allegiant the week of June 6th for its 100th birthday party.
– Vital Vegas (@VitalVegas) October 26, 2021
Roeben reports that a large corporation booked around 20,000 hotel rooms on the Strip for the week of June 6, 2022.
Allegiant Stadium, home of the NFL Las Vegas Raiders, is said to be hosting a special concert for the State Farm audience, with a distinguished musician headlining the celebrations. Canadian rapper Drake appeared on State Farm’s 2021 Super Bowl commercial, but no confirmation of his involvement was announced.
$ 20 million shindig
While some celebrate their anniversary with a piece of cake or less, Roeben is spreading gossip about Las Vegas, which the State Farm donated $ 20 million for its 100th anniversary. State Farm, the largest property and casualty insurer in the United States, says it will indeed mark its 100th anniversary on a grand scale, but details have not yet been confirmed.
For the past 99 years, we’ve made it our mission to restore life, help rebuild neighborhoods, invest in communities, and support education and safety initiatives in our places of residence and work. It’s about being a good neighbor, ”the company said in a statement.
State Farm added that “Information About Our Milestone Celebration” will be released at a later date.
State Farm today offers a variety of property and life insurance, as well as financial services. The organization has around 55,000 employees and 19,200 independent agents. The company says it has 85 million active policies and accounts and handles an average of 22,000 fire and auto claims per day in 2020.
Presence in Southern Nevada
State Farm has an extensive network of agents working in the Las Vegas Valley. An online search found 91 State Farm agents with Las Vegas addresses.
The 100 year anniversary get-together in Las Vegas makes sense for several reasons. The Strip is perhaps the most capable city in the world to host such a big party as it has more than 145,000 hotel rooms and a major international airport nearby.
Las Vegas also makes sense to usher in the 100-year mark, as Southern Nevada will be State Farm’s primary commercial market for the next 100 years. Because Las Vegas and nearby Henderson are two of the fastest growing cities in the country.
The population of Las Vegas is projected to grow by 42 percent through 2060. While 2.38 million people currently live in the area, the UNLV Center for Business and Economic Research expects more than a million people to move to southern Nevada, calling the region home over the next four decades.