State farm News

California Administrative Law Judge Orders State Farm to Refund $85M

An administrative law judge at the California Department of Insurance found that State Farm overcharged customers $85 million and ordered the carrier to issue refunds and reduce rates. The judge determined that since July 15, 2015, State Farm’s premiums for …

California Watchdog Group Wants State Farm to Reduce Rates by 40%

Consumer Watchdog filed a petition in California challenging State Farm’s proposed rates for its homeowners insurance and wants the insurers to cut its rates by as much as 40 percent. The Santa Monica, Calif.-based consumer group said insurer will be …

10 Arrested in North Carolina Staged Auto Accident Ring

Nine residents in Pitt County, North Carolina, were arrested in connection with an alleged staged auto accident ring, according to a statement from the North Carolina Department of Insurance (NCDOI). Investigators allege the accused staged seven separate vehicle crashes between …

Delaware Judge Says State Farm Off the Hook in Paintball Injury Suit

Be careful with that thing. It could put someone’s eye out. That’s the upshot from a Sussex County, Delaware, judge’s ruling that State Farm doesn’t have to indemnify a policyholder in a paintball injury lawsuit. The June 7 ruling involves …

Report Calls Out Insurers for Half-a-Trillion Dollars in ‘Dirty Energy’ Investments

Leading U.S. insurers have nearly half-a-trillion dollars invested the fossil fuel energy and the electric and gas utility sectors, according to a report out today that urges state insurance regulators and board members of these companies to help move them …

Many Weed-Smoking Canadian Drivers Say They Can Drive Unimpaired: Insurers

Almost half of weed-smoking Canadian drivers say that they can safely operate a vehicle while stoned. Among Canadians who have driven under the influence of marijuana, 44 percent don’t think it impacts their ability to drive safely, according to a …

California Consumer Group Wants State Farm Homeowners Rate Reduction

State Farm has overcharged its customers roughly $78 million since at least July 2015, and should be required to refund that money, Consumer Watchdog told the California Department of Insurance last week. The group wants State Farm to cut its rates …

State Farm Introduces Ridehsare Coverage in Colorado

State Farm will offer customers a new endorsement in Colorado to cover insurance gaps for policyholders who use personal vehicles to provide rides for transportation network companies like Uber and Lyft. The optional ridesharing endorsement is available beginning Feb. 8. …

California Commissioner OKs New insurance Products to Fill Ridesharing Gap

California Insurance Commissioner Dave Jones approved a new insurance product by USAA designed to close the gap in insurance coverage for drivers driving for all ridesharing companies. The product is now available to USAA’s California drivers for all ridesharing companies, …

Accused of Defrauding State Farm, County Exec in Illinois Quits

The  in central Illinois has resigned in the wake of his indictment on federal fraud charges. Republican Matt Sorensen submitted a resignation letter to an executive committee meeting, The Pantagraph in Bloomington reported. “I refuse to allow current issues to …