State farm News

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 …

State Farm Sponsors Tollway Help in $1.8M Deal

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 …

Best Affirms RenaissanceRe; Top Layer Re Ratings; Outlooks Stable

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 …

Good News: Progress Reported in Teen Passenger Safety

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 …

State Farm: No Plans to Move Illinois Headquarters

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 …

State Farm Plans to Expand Phoenix Metro Area

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 …

Insurers Say Latest CFA Study Is Flawed; Marketplace Is Highly Competitive

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 …

State Farm Homeownes Rate Increase Denied in Louisiana

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 …