Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
State Farm Could Owe $0 to $1 Billion to Texas Consumers
Jun 16 2009 // The years-long struggle between the State of Texas and State Farm Insurance Company over homeowners insurance overcharges may be coming to a close soon, as Texas Insurance Commissioner Mike Geesling is expected to rule on...
Florida’s Crist Caught Between Dueling Officials on Insurance Deregulation
Jun 5 2009 // If Florida Gov. Charlie Crist vetoes a bill designed to deregulate pricing for large national property insurers as appears likely, he will be siding with an appointed official over an influential lawmaker. Crist, who is...
Insurer Can’t Deny Property Coverage Because of Nearby Excavation
Jun 2 2009 // An insurer can’t cite the commonly used earth movement exclusion to deny coverage to an insured whose property was damaged by excavation to a neighboring lot, a New York Appeals Court has ruled. The case pitted the...
Miss. Attorney General Hood Keeps State Farm Deal Secret
Jun 1 2009 // Mississippi Attorney General Jim Hood has asked a court to block renewed efforts to make public a settlement agreement between his office and insurer State Farm Fire & Casualty Co. that was part of their feud over...
Business Moves
Jun 1 2009 // AIG American International Group agreed to sell its prime real estate holding in Tokyo for approximately $1.2 billion in cash to Nippon Life Insurance Co. The property consists of one acre of land on which The AIG Otemachi...
Merry Crist Mess
May 18 2009 // Not all deregulation measures are good; some are a mixed blessing. Consider HB 1171 that passed the Florida House and Senate and was sent to Gov. Charlie Crist, a regular critic of the industry who was reportedly hesitant...
Florida Governor to State Farm: On Your Way Out, Here’s an Award
May 15 2009 // The man who is letting insurance giant State Farm exit the state, which some fear will foster a property insurance disaster in Florida, gave the insurer an award this week for innovation and disaster mitigation. State Farm...
State Farm to Cut California Auto Insurance Rates
May 14 2009 // State Farm’s 3.3 million California auto insurance policyholders will soon see a decrease in their premiums, as the California Department of Insurance approved an 8 percent, $219 million rate cut. The 8 percent rate...
Florida Officials, State Farm Expect to Resolve Withdrawal Terms By June 15
May 13 2009 // Representatives of Florida insurance regulators and State Farm Florida believe they will be able to resolve their differences over how the insurer may exit the state’s insurance marketplace by June 15. Lawyers for...
State Farm Expects $10M-plus Loss From Oklahoma Fires
Apr 15 2009 // Oklahoma’s largest insurer expects to see more than $10 million in home and automobile damage claims from recent wildfires. State Farm Insurance spokesman John Wiscaver said the company is working on more than 1,000...
Charges Dropped Against Firm Accused of Hail Scam in Indiana
Apr 6 2009 // Prosecutors in Indianapolis, Ind., have dropped insurance fraud charges against a Florida-based repair company accused of faking hail damage to drum up business after a 2006 storm. Instead, CPM Construction President...
Florida Denies State Farm Hearing on Homeowners Market Withdrawal Plan
Apr 6 2009 // Florida Insurance Commissioner Kevin McCarty has denied State Farm Florida an administrative hearing on details of the insurer’s plan to withdraw from the state’s homeowners market. State Farm Florida has...
Florida Denies State Farm Hearing on Withdrawal Plan
Mar 30 2009 // Florida Insurance Commissioner Kevin McCarty has denied State Farm Florida an administrative hearing on details of the insurer’s plan to withdraw from the state’s homeowners market. State Farm Florida has...
Business Moves
Mar 23 2009 // State Farm Fire and Casualty Co. Nevada Insurance Commissioner Scott J. Kipper has approved a rate change for homeowners insurance premiums as filed by State Farm Fire and Casualty Co. The rate change will become effective...
State Farm Balks at Florida Withdrawal Conditions
Mar 23 2009 // State Farm Florida has appealed stipulations that Insurance Commissioner Kevin McCarty has put on its plan to withdraw from the state’s property insurance market. Florida’s second largest insurer of homes and...
State Farm Recalls Promotional Teddy Bears Made in China
Mar 18 2009 // U.S. insurer State Farm said on Tuesday that more than 800,000 teddy bears given out in North America as part of a company promotion were being recalled because of a choking hazard. The toys, called the “State Farm...
Ratings Roundup: Zenith, State Farm, Restoration RRG
Mar 17 2009 // Fitch Ratings has affirmed Zenith National Insurance Corp.’s ratings as follows: Zenith –Issuer Default Rating (IDR) ‘BBB+’. Zenith National Insurance Capital Trust I –$58.5 million 8.55...
State Farm Appeals Conditions Placed on Florida Withdrawal
Mar 9 2009 // State Farm Florida on Friday appealed stipulations that Insurance Commissioner Kevin McCarty has put on its plan to withdraw from the state’s property insurance market. Florida’s second largest insurer of homes...
Florida Governor’s Insurance ‘Plan’ Is Dangerous and Expensive
Mar 9 2009 // The Florida property insurance market today reminds me of the old cartoon with the insurance pitch: “Here’s a nice little policy with a real low premium if you promise never to have any claims.” When the...
State Farm Makes Homeowners Insurance Rate Changes in Nevada
Mar 6 2009 // Nevada Insurance Commissioner Scott J. Kipper has approved a rate change for homeonwers insurance premiums as filed by State Farm Fire and Casualty Co. The rate change will become effective on April 1, 2009, for new...
