January 14, 2013
Olivet College was recently awarded a $5,000 grant from State Farm Insurance Companies in support of its Charles Trubac Endowed Scholarship. Trubac, who previously served as regional vice president of State Farm, is a trustee emeritus of the college and a founding member of its Risk Management and Insurance Center.
“State Farm proudly supports Olivet College and the work they do in educating the future of the insurance workforce,” said Nick Metzger, community relations specialist for State Farm. “We are excited to be able to also honor one of our company’s leaders through support of the Charles Trubac Endowed Scholarship Program, and congratulate all those who are recognized as recipients.”
Established in 1992, the Charles Trubac Endowed Scholarship is currently awarded to an insurance and risk management student exhibiting financial need, with preference given to employees of State Farm and their dependents.
A longtime supporter of Olivet College, Trubac was awarded a Doctor of Humane Letters, honoris causa, during the college’s Commencement ceremonies in May. Throughout his career, he has achieved many accomplishments that have positively impacted the companies he has worked for, as well as the insurance industry and the greater community. He began in 1951 as an agent for State Farm Insurance in Washington, D.C. Four years later, he was appointed agency manager and progressed through other management positions to deputy regional vice president of the regional office in Frederick, Md. He came to Michigan as regional vice president in June 1971. The Michigan office grew substantially during his tenure. At the time of his retirement in 1992, there were nearly 1,700 employees, 730 agents and 50 agency managers. The companies serviced 1.2 million auto policies, 760,000 fire policies, 200,000 life policies and 42,000 health policies for earned premiums for Michigan totaling nearly $1 billion.
The Risk Management and Insurance Center at Olivet College is frequently recognized as one of the finest undergraduate programs in the nation, and consistently graduates students prepared and qualified to serve the insurance, risk management and financial planning industries.
For more information about the Risk Management and Insurance Center at Olivet College, visit http://insurance.olivetcollege.edu/.
State Farm Public Affairs
Established in 1844, Olivet College is a private, liberal arts institution located in south central Michigan. The college remains dedicated to its academic vision of Education for Individual and Social Responsibility by providing a quality higher education to all, regardless of gender, race or financial means. The college is home to more than 1,100 students, who study under The Olivet Plan. In this unique educational experience, students engage in both curricular and co-curricular programs that combine real world experiences with lectures and service learning.
State Farm and its affiliates are the largest provider of car insurance in the U.S. and is a leading insurer in Canada. In addition to providing auto insurance quotes, their 17,800 agents and more than 65,000 employees serve 81 million policies and accounts - more than 79 million auto, home, life and health policies in the United States and Canada, and nearly 2 million bank accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is also available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 43 on the Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com or in Canada http://www.statefarm.ca.