Insurance Journal » State farm http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 24 May 2013 22:09:03 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 Good News: Progress Reported in Teen Passenger Safety http://www.insurancejournal.com/news/national/2013/04/05/287367.htm Fri, 05 Apr 2013 12:51:02 +0000 http://www.insurancejournal.com/?p=287367 A new report on teen driver safety by The Children’s Hospital of Philadelphia (CHOP) and State Farm shows encouraging trends among teen passengers. From 2008 to 2011, risky behaviors of teen passengers (ages 15 to 19 years) declined: the number …

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]]> State Farm: No Plans to Move Illinois Headquarters http://www.insurancejournal.com/news/midwest/2013/02/25/282579.htm Mon, 25 Feb 2013 17:06:28 +0000 http://www.insurancejournal.com/?p=282579 State Farm Insurance Co. says it isn’t moving its headquarters from Bloomington, despite recent media reports that the Illinois-based company is adding major office space in Dallas, Atlanta and Phoenix. News reports last week in Dallas and Atlanta about large …

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]]> State Farm Plans to Expand Phoenix Metro Area http://www.insurancejournal.com/news/west/2013/02/21/282199.htm Thu, 21 Feb 2013 16:22:53 +0000 http://www.insurancejournal.com/?p=282199 The State Farm insurance company is planning to grow its Arizona operations in the Phoenix metropolitan area. A State Farm spokesman confirmed Tuesday that the company will boost its established operations in metro Phoenix as well as in Dallas and …

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]]> Insurers Say Latest CFA Study Is Flawed; Marketplace Is Highly Competitive http://www.insurancejournal.com/news/national/2013/01/29/279235.htm Tue, 29 Jan 2013 17:28:17 +0000 Young Ha http://www.insurancejournal.com/?p=279235 The new auto insurance pricing study from the Consumer Federation of America (CFA) is getting roundly criticized by insurance industry representatives. The representatives say that states’ auto insurance marketplaces are highly competitive, with most drivers having dozens of auto insurers …

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]]> State Farm Homeownes Rate Increase Denied in Louisiana http://www.insurancejournal.com/news/southcentral/2013/01/28/279141.htm Mon, 28 Jan 2013 19:19:35 +0000 http://www.insurancejournal.com/?p=279141 Louisiana Insurance Commissioner Jim Donelon has declined to approve a recent homeowners rate request filed by State Farm Fire and Casualty Co. (State Farm). State Farm submitted the request for the +16.6 percent rate increase to its homeowners program in …

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]]> Louisiana Commissioner Says ‘No’ to State Farm Regional Deductible Plan http://www.insurancejournal.com/news/southcentral/2013/01/25/278838.htm Fri, 25 Jan 2013 17:19:46 +0000 http://www.insurancejournal.com/?p=278838 Louisiana Commissioner of Insurance Jim Donelon has denied a request by State Farm Fire & Casualty Co. (State Farm) to introduce a regional deductible plan for its Louisiana homeowner’s program. Donelon said the company’s request “failed to meet the requirements …

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]]> State Farm, Sandusky End Insurance Coverage Dispute http://www.insurancejournal.com/news/east/2013/01/16/277685.htm Wed, 16 Jan 2013 17:52:06 +0000 http://www.insurancejournal.com/?p=277685 State Farm Fire and Casualty Co. resolved its dispute against former Penn State assistant football coach Jerry Sandusky over the insurer’s homeowners coverage. At issue was whether State Farm would be obligated to pay for any defense costs or awards …

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]]> Delaware Regulators Fine State Farm $150K Over Non-Renewal Notices http://www.insurancejournal.com/news/east/2012/12/14/274166.htm Fri, 14 Dec 2012 17:59:50 +0000 http://www.insurancejournal.com/?p=274166 Delaware’s insurance department announced it has fined State Farm Fire and Casualty Company a $150,000 penalty for failing to include in some of its non-renewal notices a written explanation of the specific reasons for non-renewal. The insurer has also been …

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]]> West Virginia Tops State Farm’s Deer-Vehicle Crash List http://www.insurancejournal.com/news/southeast/2012/10/25/267982.htm Thu, 25 Oct 2012 15:58:38 +0000 http://www.insurancejournal.com/?p=267982 State Farm says West Virginia continues to be the state where a vehicle is most likely to hit a deer.The Mountain State tops State Farm’s annual list for the sixth consecutive year. The Bloomington, Ill.-based insurer released the latest list …

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]]> State Farm Pulling Its Ads From Penn State Football Broadcasts http://www.insurancejournal.com/news/east/2012/07/26/257260.htm Thu, 26 Jul 2012 15:41:54 +0000 http://www.insurancejournal.com/?p=257260 State Farm is pulling its ads from Penn State football broadcasts, while General Motors is reconsidering its sponsorship deal and Wall Street is threatening to downgrade the school’s credit rating, suggesting the price of the sexual abuse scandal could go …

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]]> State Farm: Sandusky’s Homeowners Policy Doesn’t Cover His Legal Bills http://www.insurancejournal.com/news/east/2012/07/23/256808.htm Mon, 23 Jul 2012 16:55:33 +0000 http://www.insurancejournal.com/?p=256808 State Farm has filed a lawsuit in Pennsylvania last Thursday against former Penn State assistant football coach Jerry Sandusky. In its complaint, State Farm asked a judge to declare that the insurer’s homeowners’ policy for Sandusky does not cover legal …

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]]> State Farm Seeks 14.9% Jump in Florida Property Insurance Rates http://www.insurancejournal.com/news/southeast/2012/06/28/253628.htm Thu, 28 Jun 2012 19:56:43 +0000 Michael Adams http://www.insurancejournal.com/?p=253628 Florida’s third largest property insurer is seeking a statewide average 14.9 percent increase in property rates as part of a plan to shore-up its fiscal condition while revamping the deductibles and discounts it offers to policyholders. State Farm Insurance Co. …

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]]> State Farm to Hire 500 for Operations Center in Atlanta http://www.insurancejournal.com/news/southeast/2012/06/18/251911.htm Mon, 18 Jun 2012 09:20:16 +0000 http://www.insurancejournal.com/?p=251911 Georgia Gov. Nathan Deal announced that Georgia’s largest writer of homeowners policies will bring 500 jobs to a new operations center in metro Atlanta. Deal made the announcement last Friday that the jobs for State Farm will be located at …

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]]> Woof! California Top Dog In Bites http://www.insurancejournal.com/news/west/2012/05/16/247769.htm Wed, 16 May 2012 23:33:46 +0000 Don Jergler http://www.insurancejournal.com/?p=247769 California is the top dog in State Farm’s annual list of dog bite claims, and the state’s reported 527 dog bite claims and more than $20 million paid out in 2011 by the Bloomington, Ill.-based carrier represents an increase of …

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]]> Texas Attorney General Takes on State Farm Non-Renewal Plans http://www.insurancejournal.com/news/southcentral/2012/05/04/246364.htm Fri, 04 May 2012 15:44:59 +0000 Stephanie K. Jones http://www.insurancejournal.com/?p=246364 Texas Attorney General Greg Abbott is taking issue with one of the nation’s largest homeowners insurer’s plan to non-renew thousands of policies for properties along the Gulf Coast. Abbott said his office is conducting an investigation into State Farm Insurance …

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]]> State Farm Plans to Hire 3,000 Employees http://www.insurancejournal.com/news/midwest/2012/02/06/234286.htm Mon, 06 Feb 2012 16:52:22 +0000 http://www.insurancejournal.com/?p=234286 Illinois-based State Farm Insurance said it will hire 3,000 people across the U.S. and Canada, filling many positions left empty during the recession, and add 900 agents. The news follows an announcement by Chrysler that it will add almost 2,000 …

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]]> Farmers Insurance Rate Hike in Texas Set for March http://www.insurancejournal.com/news/southcentral/2012/02/03/234107.htm Fri, 03 Feb 2012 16:21:34 +0000 http://www.insurancejournal.com/?p=234107 Farmers Insurance will raise homeowner premiums by nearly 10 percent after Texas regulators declined to object to the increase. The Dallas Morning News reported that the rate hike, set for mid-March, will apply to about half of the Farmers Insurance …

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]]> Appeals Court in Texas Accepts State Farm Refunds Case http://www.insurancejournal.com/news/southcentral/2011/12/16/227844.htm Fri, 16 Dec 2011 17:30:21 +0000 http://www.insurancejournal.com/?p=227844 State Farm Insurance has asked an appeals court to throw out an order requiring the company to refund about $350 million to Texas customers. A three-judge panel of the 3rd Court of Appeals in Austin took the case under advisement …

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]]> State Farm Gets 7.8% Homeowners Rate Hike in Louisiana http://www.insurancejournal.com/news/southcentral/2011/12/09/226823.htm Fri, 09 Dec 2011 15:40:01 +0000 Alan Sayre http://www.insurancejournal.com/?p=226823 Louisiana has allowed its largest insurer of homes to raise its rates by an average 7.8 percent. State Farm Fire and Casualty Co. spokeswoman Molly Quirk told The Associated Press that the $32.2 million increase goes into effect with new …

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]]> State Farm Hikes Homeowner Policy Rates, Deductibles in Texas http://www.insurancejournal.com/news/southcentral/2011/12/02/225940.htm Fri, 02 Dec 2011 17:45:29 +0000 Stephanie K. Jones http://www.insurancejournal.com/?p=225940 A new insurance commissioner has allowed State Farm to charge higher rates and deductibles in Texas. State Farm Insurance on Dec. 1 was authorized to switch many of its 1.2 million homeowner policies to a higher deductible. The Dallas Morning …

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]]> State Farm: Its Conn. Deductible Decision Grounded in Fairness http://www.insurancejournal.com/news/east/2011/10/14/220140.htm Fri, 14 Oct 2011 17:12:22 +0000 http://www.insurancejournal.com/?p=220140 State Farm Insurance says U.S. Senator Richard Blumenthal’s request that the company drop Irene-related hurricane deductibles in Connecticut would actually be unfair to policyholders and introduce all sorts of uncertainty. State Farm — the largest U.S. insurer of homes and …

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]]> Sen. Blumenthal Asks State Farm to Drop Hurricane Deductible for Irene http://www.insurancejournal.com/news/east/2011/10/13/219753.htm Thu, 13 Oct 2011 12:44:35 +0000 http://www.insurancejournal.com/?p=219753 U.S. Senator Richard Blumenthal (D-Conn.) called on State Farm Insurance to drop its hurricane deductible for Connecticut residences whose homes were damaged by Tropical Storm Irene. Blumenthal was joined at his Hartford press conference on Tuesday, Oct. 11, by Elizabeth …

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]]> State Farm Raises Rates on Alabama Inland Homes http://www.insurancejournal.com/news/southeast/2011/10/07/219089.htm Fri, 07 Oct 2011 13:51:36 +0000 http://www.insurancejournal.com/?p=219089 For the second time in three years, one of the largest homeowners in Alabama has indicated it will not raises rates along the coastline in lieu of a statewide average five percent increase on inland properties. State Farm announced that …

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]]> State Farm to Stop Insuring Churches in Florida http://www.insurancejournal.com/news/southeast/2011/10/04/218560.htm Tue, 04 Oct 2011 16:26:12 +0000 Michael Adams http://www.insurancejournal.com/?p=218560 Florida churches are having to seek insurance elsewhere after one of the state’s provider of coverage to houses of worship has decided to leave the market. State Farm Florida recently announced it will exit the church market, a move that …

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]]> Texas Denies State Farm’s Catastrophe Petition http://www.insurancejournal.com/news/southcentral/2011/09/26/217400.htm Mon, 26 Sep 2011 15:39:51 +0000 http://www.insurancejournal.com/?p=217400 The Texas Department of Insurance has denied a catastrophe determination petition submitted by State Farm Insurance Cos. in response to wildfires that have plagued the state in September. The department said it denied the petition based on the information provided …

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]]> Marsh Hires State Farm Executive Pieroni as Chief Operating Officer http://www.insurancejournal.com/news/national/2011/09/16/216051.htm Fri, 16 Sep 2011 17:04:44 +0000 http://www.insurancejournal.com/?p=216051 Global insurance broker Marsh has appointed Bill Pieroni to the role of chief operating officer, effective Sept. 19. Pieroni comes from State Farm where he served as senior vice president. In his new role at Marsh, he will be responsible …

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]]> Home Insurers in Georgia Seek Rate Hikes http://www.insurancejournal.com/news/southeast/2011/08/31/212948.htm Wed, 31 Aug 2011 13:10:31 +0000 http://www.insurancejournal.com/?p=212948 A year after most Georgia insurers increased homeowners premiums by 9 to 23 percent, a new wave of increase requests is pending. State Farm, Georgia’s largest writer of homeowners policies, is seeking a 7 percent increase for next year. That …

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]]> Wildfires Continue to Plague Arizona, New Mexico http://www.insurancejournal.com/news/west/2011/06/22/203608.htm Wed, 22 Jun 2011 14:43:11 +0000 Patricia-Anne Tom http://www.insurancejournal.com/?p=203608 Fourteen homes have been destroyed in Arizona yesterday, after the Monument Fire burning near Sierra Vista went south into neighborhoods. All told, there are six fires burning in Arizona, and five in New Mexico. As of June 21, the six …

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]]> Chicago-based Insurance Association, State Farm Distribute $10K in Scholarships http://www.insurancejournal.com/news/midwest/2011/06/09/201983.htm Thu, 09 Jun 2011 16:17:00 +0000 http://www.insurancejournal.com/?p=201983 The Chicago chapter of the National African-American Insurance Association (NAAIA) announced that its Chicago corporate sponsor, State Farm, presented scholarships to 10 academically-outstanding youth representing area high schools. This year’s scholarship recipients are: Latoya Alexander of Ellen Richards Career Academy; …

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]]> State Farm Storm Claims in Hundreds of Thousands http://www.insurancejournal.com/news/midwest/2011/05/31/200435.htm Tue, 31 May 2011 05:44:10 +0000 http://www.insurancejournal.com/?p=200435 State Farm says it has paid almost $1 billion on about 300,000 catastrophe claims from devastating storms across the central and southeastern United States over the past two months. The Pantagraph in Bloomington reported that State Farm says about 284,000 …

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