State farm News

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 …

State Farm to Build Operations Center in Georgia

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 …

State Farm Raising Louisiana Homeowner Insurance Rates

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 …

Texas Insurance Community Aims High in United Way Campaign

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 …