State farm News

Homeowner Insurance Rate Hikes not Challenged by Texas Commissioner

The Texas insurance commissioner has allowed the three largest home insurers to impose significant rate hikes on many policyholders despite the objections of a state consumer advocate. Insurance Commissioner Julia Rathgeber can reject any new rates that are deemed excessive …

Insurer Says OK to Settlement in Wrongful Death Suit Against Hawaii Driver

A $1.1 million settlement has been reached in a wrongful death lawsuit involving the death of a 26-year-old pedestrian. The settlement came in a civil lawsuit against Robert Wayne Yount, 83, and the civil case will be dismissed, The Garden …

Washington Sheriff’s Deputy Charged With Insurance Fraud

Jeremy B. Jeske, 43, a Spokane County Sheriff’s deputy, has been charged with two counts of insurance fraud in connection with a case that was investigated by Washington Insurance Commissioner Mike Kreidler’s Special Investigations Unit. According to the investigators, Jeske …

Louisiana Commissioner Asks State Farm to Offer Lower Hurricane Deductible

Insurance Commissioner Jim Donelon has asked State Farm Fire and Casualty Co. (State Farm) to offer its Louisiana policyholders Louisiana the option of a 2 percent hurricane deductible on their homeowners’ insurance policies by paying the actuarially needed difference in premium, if …

State Farm Increases Hurricane Deductible in Louisiana to 5%

One month into the hurricane season, State Farm’s 308,000 Louisiana homeowner’s customers are confronting an unpleasant change: their policies now include a mandatory 5 percent hurricane deductible. State Farm spokesman Gary Stephenson tells The Advocate the hurricane deductible was included …

Dogs Take Big Bite Out of Liability Insurance

Dog bites accounted for more than one-third of all homeowners insurance liability claim dollars paid out in 2013, costing more than $483 million, according to the Insurance Information Institute (III) and State Farm, the nation’s largest writer of homeowners insurance. …

Florida Court: ‘Exploding Corpse’ Not Covered Under Property Policy

A Florida circuit court has found that a condominium owner’s property policy did not include coverage for the “explosion” of an advanced decompose body since it did not fall under a name peril listed in the insured’s policy. Florida’s Fourth …

Richardson, Texas, Steps Up Automobile Crime Prevention Efforts

The Richardson Police Department will soon be distributing automobile crime prevention signs throughout the city with the assistance of the Insurance Council of Texas and State Farm. The signs read “Secure your belongings, Take your keys and Lock your car.” …

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. …