Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
P/C INSURERS POSITIONED TO WEATHER HURRICANE LOSSES:
Dec 20 2004 // Even with the nearly $21 billion of hurricane-related losses expected to be reflected in the third and fourth quarter results, the nation’s property/casualty insurers are well-capitalized and safely positioned to...
Texas: The Clash of the Titans
Dec 20 2004 // In September 2003, responding to the Legislature’s passage of the insurance regulatory reform measure, Senate Bill 14, the Texas Department of Insurance mandated rate cuts for 29 of the state’s homeowners...
Looking Back on ’04: The Most Talked-About Stories in the Western Region
Dec 20 2004 // The year 2004 saw a little bit of everything across the Western Region. Workers’ comp, homeowners, med-mal, and even insurance fraud topped the list of the most talked about stories. We compiled these recaps based on...
State Farm to Reduce Tenn. Auto Rates
Dec 16 2004 // Almost a million motorists in the volunteer state will soon pay less for their car insurance. State Farm has announced they it will lower insurance rates for drivers in Tennessee by an average of 2 percent in 2005. Overall...
Texas Orders Prior Approval of Rates for State Farm
Dec 9 2004 // State Farm, the largest home insurer in Texas, must continue to get prior approval from the Texas Department of Insurance before making rate changes because the company is overcharging customers, the Associated Press...
Texas Judge Denies State Farm Injunction Request
Dec 6 2004 // A state district judge recently ruled in favor of the Texas Department of Insurance (TDI) and its efforts to recoup more than $100 million for customers of State Farm Lloyds, an amount the agency contends the company...
STATE FARM RE-ENTERS N.J.:
Dec 6 2004 // State Farm Indemnity Company and the Department of Banking and Insurance have reached an agreement allowing for the insurer’s re-entry into the New Jersey auto insurance market. Effective Jan. 1, 2005, State Farm...
Alleging Overcharges, TDI Takes Action Against State Farm, Farmers
Dec 6 2004 // In the aftermath of a Texas state district judge’s ruling that tossed out mandated homeowners rate rollbacks for State Farm Lloyds and Farmers Insurance Group, the Texas Department of Insurance (TDI) reported it is...
State Farm Lloyds in Search of Legal Ruling; Request Filed for Restraining Order, Injunction Against TDI
Dec 2 2004 // State Farm Lloyds, the Texas property insurance affiliate of State Farm Insurance Companies, has filed an application for a temporary restraining order, temporary and permanent injunction and declaratory relief against the...
TDI Takes Moves Against State Farm Lloyds, Farmers Insurance Group to Update Rates
Nov 24 2004 // The Texas Department of Insurance (TDI) is reportedly taking steps to initiate new actions against State Farm Lloyds and Farmers Insurance Group in an effort to bring those insurers’ homeowners insurance rates into...
Texas Judge Strikes Down Rate Rollbacks for State Farm, Farmers
Nov 22 2004 // TDI, Lt. Governor vow to continue efforts on behalf of homeowners. A state district judge in Texas on Nov. 8, 2004, overturned mandated rate rollbacks in homeowners insurance for State Farm and Farmers insurance companies,...
State Farm Asks to Hike Fla. Policy Rates
Nov 12 2004 // State Farm Florida Insurance Co. has requested a 5 percent increase on all its homeowner and condominium policyholders due to what the company calls, higher costs of doing business. State Farm has more than 900,000...
State Farm Decision to Stay in New Jersey Auto Market Latest Sign of Improved Insurance Environment
Nov 10 2004 // A flurry of special dividends and a series of rate reduction announcements from auto insurers, coupled with increased competition and new regulations adopted by the New Jersey insurance department, are helping to reshape...
State Farm, Farmers Win a Round in Texas as Judge Strikes Down Mandated Rollbacks
Nov 9 2004 // A state district judge in Texas overturned mandated rate rollbacks in homeowners insurance for State Farm and Farmers insurance companies, but the Texas Department of Insurance is reportedly not ready to give up the...
TDI: State Farm, Farmers Rates Should Be Lowered
Nov 9 2004 // The Texas Department of Insurance on Nov. 9 released the following statement concerning the recent court ruling on the State Farm and Farmers homeowners rate reduction orders: On November 8, 2004, a state district court...
State Farm Easing Miss. Homeowner’s Growth Restrictions as Part of Commitment to Magnolia State
Nov 2 2004 // Mississippi’s largest insurer, State Farm, is easing its homeowner’s growth restrictions in the state. According to Commissioner of Insurance George Dale, this announcement demonstrates the company’s...
La. Man Convicted in Scheme to Defraud State Farm
Nov 2 2004 // Dennis Ingles, 51, of Haughton, Louisiana was convicted recently of one count of conspiracy, four counts of mail fraud, and one count of wire fraud, United States Attorney Donald Washington announced. The conviction arises...
State Farm Partners with HFSC’s Steering Committee to Increase Home Safety
Oct 21 2004 // The nonprofit Home Fire Sprinkler Coalition (HFSC) announced that State Farm Insurance is the first representative of the insurance industry to join HFSC’s Steering Committee. “From the Coalition’s...
State Farm to Lower California Auto Insurance Rates – West News – Sept. 2, 2004
Oct 11 2004 // Many people went with the lowest price and cheap homeowners insurance companies back in 1994. Everything was great until the earthquake hit. To this day, many people who thought that they had proper coverage and did not...
CORRECTION: State Farm Loses Supreme Court Appeal Over Lawsuit
Oct 8 2004 // The final paragraph of the article “State Farm Loses Supreme Court Appeal Over Lawsuit” contains information that is incomplete and therefore inaccurate. The paragraph reads: The company says its practices have...
