Farmers Insurance News

Oklahoma Regulators Warn Insurers on Earthquake Coverage Hikes

Oklahoma regulators grappling with a massive increase in small earthquakes in the state linked to growing oil and gas production said on May 24 they were concerned with spiking rates for earthquake insurance coverage and diminishing competition among insurers. At …

Farmers Insurance Launches Rideshare Coverage in New Jersey

Farmers Insurance announced Monday that it has begun offering its Rideshare Insurance Coverage endorsement in New Jersey. The endorsement is designed to offer ride-hail drivers coverage options as part of Farmers personal auto insurance policies. Farmers said the company worked …

Farmers Expects More than $250M in Claims from Severe Weather in Texas

Farmers Insurance expects claims from two recent severe weather systems in the Dallas/Fort Worth area will result in more than $250 million in losses. Intense hail and wind from the storms caused extensive damage to homes and vehicles in March. Farmers …

Farmers CEO Remembers Joplin Tornado at California Gala

Jeff Dailey, CEO of Farmers Insurance, turned what could have been a mere acceptance speech into a lesson-filled personal account of his first time seeing the devastation wreaked by the May 2011 tornado in Joplin, Mo. “Joplin was a major …

Farmers Being Recognized by IICF for Helping Disaster Stricken Communities

Farmers Insurance will be presented with the Insurance Industry Charitable Foundation’s Golden Horizon Award at the organization’s annual Horizon Award Gala on March 16 at the Alexandria Hotel in downtown Los Angeles, Calif. Accepting the IICF award on behalf of Farmers …

Farmers Insurance Launches Rideshare Coverage in Tennessee

Farmers Insurance has introduced rideshare insurance coverage for ride-hailing drivers in Tennessee. Mariel Devesa, head of product innovation for Farmers Insurance said Farmers has developed this Rideshare Insurance Coverage to offer Tennessee ride-hail drivers coverage options as part of their …

Farmers to Expand Operations in Arizona

Farmers Insurance plans to significantly expand its operations in Phoenix, Ariz., which the carrier said could eventually raise its employee base from roughly 500 full-time employees to more than 1,500 employees. Staffing for the new jobs would occur in phases …

Farmers Ex-Executive DeSantis Named CEO of Program Manager Wright

Ironshore has named Anthony J. DeSantis as chief executive officer of Wright & Co., a wholly-owned subsidiary in its U.S. Holdings Group  He will be responsible for Wright’s existing direct to consumer platform, as well as building upon the small …

Farmers Insurance Estimates Loss from South Central Storms at $90M

Farmers Insurance has estimated an overall loss of $90 million resulting from severe weather that moved through portions of Texas, Oklahoma and Missouri at the end of December. The region experienced heavy rain, strong winds and hail. Multiple tornadoes in …

Farmers Insurance Launches New Rideshare Coverage in 7 States

Farmers has introduced a new Rideshare Insurance Coverage designed to make rideshare insurance coverage options available for ride-hailing drivers in Arizona, Minnesota, Nevada, Ohio, Oklahoma, Texas and Wisconsin. According to Mariel Devesa, head of product innovation for Farmers Insurance, the …