State farm News

GEICO’s Advertising Spending Slows But Still Tops $1 Billion: SNL

After two years of double-digit percentage increases in advertising spending, GEICO Corp. boosted its ad spend by just over five percent in 2013, according to research by  SNL Financial. GEICO, with its Gecko and Maxwell the pig mascots, has been …

State Farm $3M Gift Creates Wilson Chair at American Enterprise Institute

State Farm has donated $3 million to the conservative, pro-business think tank American Enterprise Institute (AEI) in Washington, D.C. to create a research chair in the name of the late political scientist and Harvard, UCLA and Pepperdine professor James Q. …

Wisconsin High Court Rules Against State Farm in Uninsured Motorist Case

The Wisconsin Supreme Court has ruled against State Farm Insurance Co. in a case that deals with tapping uninsured motorists coverage on up to three vehicles to collect more in claims. The unanimous court upheld a 2013 state appeals court …

State Farm Raising Auto Insurance Rates in Louisiana

State Farm Mutual Automobile Insurance, which covers about one in every three cars in Louisiana, is raising insurance rates for drivers. The company announced on Jan. 17 that the increases will average 3.4 percent, starting Feb. 17. Going up will …

Hike in Auto Insurance Rates Expected in Illinois

Illinois drivers should get ready to pay more for insurance. Northbrook-based Allstate says in a regulatory filing that rates for customers will climb between 2.5 and 3.5 percent later this month. Esurance rates are rising about 3.2 percent in late …

Allstate, State Farm, Farmers Plan to Raise Home Insurance Rates in Texas

Texas’ three largest home insurers are kicking off 2014 with steep increases in policyholder premiums, according to a report published on Jan. 4. The Dallas Morning News reports that Allstate, Farmers and State Farm plan to raise rates for most …

GEICO Passes Allstate to Become 2d Largest U.S. Auto Insurer: SNL

Based on third quarter reports, GEICO Corp. has surpassed Allstate Corp. to become the nation’s second-largest private auto insurer. According to data compiled by SNL, GEICO logged $4.89 billion in direct premiums written during the third quarter of 2013, while …

N.H. Expands Highway Safety Patrol With Help From State Farm

The state of New Hampshire is expanding its highway safety patrol, which helps stranded motorists. The patrol is now operating in Nashua, Merrimack, Bedford, Hooksett and Concord. The expansion, which started last Thursday, brings in the F.E. Everett Turnpike. The …

State Farm Likely to Move Some Bloomington, Illinois Jobs

State Farm Insurance Co. says it will likely move at least some of its claims services employees out of Bloomington, Ill. State Farm spokeswoman Holly Anderson said that the company told employees that the potential move is being studied. The …

GEICO Success Highlights Advertising Dollars vs. Agent Commissions Debate

Direct writer GEICO’s success in auto insurance sales is due to spending dollars on effective advertising rather than on agents, according to recent research from analysts at Nomura Equity Research, which notes that GEICO has overtaken Allstate to become the …