Insurance Journal » State farm http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Mon, 14 Apr 2014 22:55:21 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.2 GEICO’s Advertising Spending Slows But Still Tops $1 Billion: SNL http://www.insurancejournal.com/news/national/2014/03/20/323788.htm Thu, 20 Mar 2014 14:15:31 +0000 http://www.insurancejournal.com/?p=323788 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 …

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State Farm $3M Gift Creates Wilson Chair at American Enterprise Institute http://www.insurancejournal.com/news/national/2014/02/20/321095.htm Thu, 20 Feb 2014 17:25:47 +0000 http://www.insurancejournal.com/?p=321095 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. …

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Wisconsin High Court Rules Against State Farm in Uninsured Motorist Case http://www.insurancejournal.com/news/midwest/2014/02/10/320022.htm Mon, 10 Feb 2014 17:29:55 +0000 http://www.insurancejournal.com/?p=320022 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 …

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State Farm Raising Auto Insurance Rates in Louisiana http://www.insurancejournal.com/news/southcentral/2014/01/21/317744.htm Tue, 21 Jan 2014 17:10:50 +0000 http://www.insurancejournal.com/?p=317744 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 …

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Hike in Auto Insurance Rates Expected in Illinois http://www.insurancejournal.com/news/midwest/2014/01/09/316589.htm Thu, 09 Jan 2014 23:56:33 +0000 http://www.insurancejournal.com/?p=316589 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 …

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Allstate, State Farm, Farmers Plan to Raise Home Insurance Rates in Texas http://www.insurancejournal.com/news/southcentral/2014/01/05/316101.htm Mon, 06 Jan 2014 01:40:38 +0000 http://www.insurancejournal.com/?p=316101 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 …

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GEICO Passes Allstate to Become 2d Largest U.S. Auto Insurer: SNL http://www.insurancejournal.com/news/national/2013/12/16/314530.htm Mon, 16 Dec 2013 15:13:35 +0000 http://www.insurancejournal.com/?p=314530 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 …

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N.H. Expands Highway Safety Patrol With Help From State Farm http://www.insurancejournal.com/news/east/2013/12/10/313879.htm Tue, 10 Dec 2013 17:55:37 +0000 http://www.insurancejournal.com/?p=313879 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 …

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State Farm Likely to Move Some Bloomington, Illinois Jobs http://www.insurancejournal.com/news/midwest/2013/11/04/310212.htm Mon, 04 Nov 2013 17:20:15 +0000 http://www.insurancejournal.com/?p=310212 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 …

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GEICO Success Highlights Advertising Dollars vs. Agent Commissions Debate http://www.insurancejournal.com/news/national/2013/10/22/308779.htm Tue, 22 Oct 2013 09:00:36 +0000 http://www.insurancejournal.com/?p=308779 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 …

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State Farm to Build Operations Center in Georgia http://www.insurancejournal.com/news/southeast/2013/10/20/308715.htm Mon, 21 Oct 2013 02:46:57 +0000 http://www.insurancejournal.com/?p=308715 State Farm Insurance Co. plans to build a national operations center in the Atlanta suburb of Dunwoody. Dunwoody city officials announced the plans last Thursday. The Atlanta Journal-Constitution reported that the facility will be built on a nearly four-acre site …

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State Farm Raising Louisiana Homeowner Insurance Rates http://www.insurancejournal.com/news/southcentral/2013/10/03/307169.htm Thu, 03 Oct 2013 16:19:48 +0000 http://www.insurancejournal.com/?p=307169 State Farm is raising Louisiana homeowner rates an average of 8.7 percent statewide for its nearly 308,000 policyholders. According to State Farm’s filing with the insurance department, the statewide increase will generate $40.1 million. The Advocate reports the higher rates …

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Texas Insurance Community Aims High in United Way Campaign http://www.insurancejournal.com/news/southcentral/2013/09/23/305973.htm Mon, 23 Sep 2013 16:17:41 +0000 http://www.insurancejournal.com/?p=305973 Texas insurance companies and agency partners are challenging themselves and other insurance industry professionals to raise the bar for philanthropy and volunteerism on behalf of the United Way for Greater Austin. So far they are on track, with contributions coming …

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State Farm Sponsors Tollway Help in $1.8M Deal http://www.insurancejournal.com/news/midwest/2013/09/04/303925.htm Wed, 04 Sep 2013 16:17:25 +0000 http://www.insurancejournal.com/?p=303925 State Farm Insurance is spending $1.8 million to sponsor tow trucks that rescue motorists who are stranded on the Illinois Tollway. WJBC Radio reports the three-year sponsorship is the first of its kind of the northern Illinois road system, which …

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Best Affirms RenaissanceRe; Top Layer Re Ratings; Outlooks Stable http://www.insurancejournal.com/news/international/2013/06/13/295354.htm Thu, 13 Jun 2013 10:31:29 +0000 http://www.insurancejournal.com/?p=295354 RenRe and Affiliates A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Renaissance Reinsurance Ltd. (RenRe) and Renaissance Reinsurance of Europe, based in Dublin, Ireland. Best also has …

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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 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 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 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 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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