Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
Oregon Division of Financial Regulation Fines State Farm $200K
Apr 10 2024 // The Oregon Division of Financial Regulation issued a $200,000 fine against State Farm after the company reportedly failed to send notices over the past six years informing its insureds of their ability to request an annual...
US Dog-Related Injury Claims Hit $1.12 Billion in 2023: Triple-I, State Farm Report
Apr 9 2024 // US insurers paid out $1.12 billion in dog-related injury claims in 2023 according to the Insurance Information Institute (Triple-I) and State Farm. The number of dog bite and related injury claims was 19,062 in 2023, an...
AM Best Downgrades Ratings of State Farm General
Apr 1 2024 // Roughly a week after State Farm announced that it would nonrenew tens of thousands of homeowners and commercial apartment policies in California, AM Best has downgraded the company that offered those policies. Last week,...
Louisiana’s Temple Seeks Reform in Response to State Farm’s California Cuts
Mar 28 2024 // Louisiana Insurance Commissioner Tim Temple pointed to State Farm’s decision to non-renew policies in the California market as a warning for lawmakers to modernize Louisiana’s regulatory framework and address...
State Farm Nonrenewing 30K California Homeowners, Renters
Mar 20 2024 // State Farm General Insurance Co. said it will non-renew 30,000 California homeowners, rental dwelling, and other property insurance policies State Farm announced in May last year it had stopped accepting new policy...
State Farm Sues Norfolk Southern Over Ohio Train Derailment
Mar 18 2024 // State Farm Insurance brought forth a subrogation lawsuit against Norfolk Southern over damages to a pair of East Palestine, Ohio homes allegedly caused by the railroad company’s February 2023 train derailment. State...
State Farm Announces New CEO; Farney Succeeding Tipsord June 1
Mar 15 2024 // The State Farm Mutual board of directors has selected President Jon Farney as the company’s next chief executive officer. Farney will succeed retiring CEO Michael Tipsord on June 1. Farney joined State Farm in 1993...
State Farm Sets Another Record With $14B Underwriting Loss in 2023
Mar 1 2024 // A year after recording the largest underwriting loss in the company’s 100-year history, State Farm eclipsed it in 2023. The underwriting loss figure climbed to $14 billion for 2023, with a nearly $5 billion...
State Farm Sues Norfolk Southern Over Ohio Train Derailment Damages
Feb 26 2024 // State Farm Insurance brought forth a subrogation lawsuit last week against Norfolk Southern over damages to a pair of East Palestine, Ohio homes allegedly caused by the railroad company’s February 2023 train...
Georgia Saw Most Frozen-Pipe Claims in 2022-2023, State Farm Says
Jan 18 2024 // Georgia was, by far, the state with the most frozen pipe and water damage claims, State Farm Insurance reported as much of the country faces the first deep freeze for winter 2024. The insurer said in an article on its...
State Farm Owes $2.6M to Florida, Court Says in Reading of ‘Dense’ Tax Code
Jan 18 2024 // State Farm Insurance and its subsidiaries owe the state of Florida more than $2.6 million in back taxes and interest after a state appeals court ruled against the insurer on an interpretation of state and federal tax...
5th Circuit Reverses Class Certification in Lawsuit Alleging State Farm Undervalued Total-Loss Claims
Dec 28 2023 // A federal appellate court reversed a trial court’s decision to certify a class of plaintiffs in a lawsuit that alleged State Farm Mutual Automobile Insurance Co. undervalued total-loss claims by Louisiana...
AM Best Tweaks State Farm Outlook to Negative After Weather, Regulatory Issues
Oct 16 2023 // The AM Best financial rating firm has downgraded its outlook for multiple State Farm insurance companies due to weather losses and regulations that the rating firm said hinder the insurance giant’s ability to...
AM Best Tweaks State Farm Outlook to Negative After Weather, Regulatory Issues
Sep 25 2023 // The AM Best financial rating firm has downgraded its outlook for multiple State Farm insurance companies due to weather losses and regulations that the firm said hinder the insurance giant’s ability to adequately...
State Farm Seeks $1.5M From Owners of Manhattan Garage That Collapsed
Jul 27 2023 // The collapse of a New York City garage in April was caused by the negligence of the owners of the building, according to State Farm, which is suing them to recover $1.5 million in payments to the garage’s customers...
Former Employee With Bladder Condition Sues State Farm Alleging Disability, Racial Bias
Jul 19 2023 // A Georgia woman who was employed by State Farm Automobile Insurance Co. for 20 years is suing the insurer alleging she was discriminated and retaliated against because of her bladder disability. The employee, Elisa Brown,...
Climate Change, Wildfire Risk and State Farm’s California Decision
Jun 1 2023 // Several reasons were given within State Farm’s announcement last week the carrier was no longer writing new personal or business property/casualty policies in California – including a challenging reinsurance...
State Farm’s California Halt Reflects Overall Poor Underwriting Experience, Ratings Agency Says
May 31 2023 // State Farm’s announcement last week that the carrier was no longer writing new personal or business property/casualty policies in California “reflects the poor underwriting experience for California...
State Farm Stops Taking New Applications for Business, Personal Lines P/C in California
May 27 2023 // An insurer group was quick to respond over the weekend after State Farm announced it will cease accepting new applications for business and personal lines property/casualty in California to deal with increased risks and...
Is a Scooter a Vehicle? Appeals Court Says ‘Yes’ and State Farm Must Pay UM Claim
Apr 4 2023 // State Farm must pay an uninsured motorist claim for injuries caused by an electric motor scooter even though the scooter didn’t match the definition of “motor vehicle” in Florida statutes, a panel of the...
