Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
State Farm Loses Supreme Court Appeal over Lawsuit
Oct 6 2004 // The U.S. Supreme Court has declined to hear the appeal of one of Utah’s highest-profile court cases, perhaps ending a decades-long legal battle over a claim brought by a couple against their insurance agency. The...
STATE FARM TO LOWER CALIFORNIA AUTO INSURANCE RATES:
Sep 20 2004 // State Farm will lower auto rates for its California auto insurance customers an average of 7.6 percent effective October 1. The California Department of Insurance-approved rate reduction will save the company’s 3...
State Farm Strikes Again on Ill. Rates
Sep 20 2004 // Exclusive-agent personal lines giant State Farm Insurance Co. announced that it will cut Illinois homeowners and auto insurance rates, effective Nov. 1 for new insureds and renewals. Homeowners insurance premiums will see...
State Farm Again Asked Utah Court to Lower Civil Judgment Award
Sep 6 2004 // An insurance company that already won a $136 million reduction of a punitive damage award thinks that the $9 million it was ordered to pay is still too high. State Farm Mutual Automobile Insurance Co. has appealed the...
State Farm to Lower California Auto Insurance Rates
Sep 1 2004 // State Farm will lower auto rates for its California auto insurance customers an average of 7.6 percent effective October 1. The California Department of Insurance-approved rate reduction will save the company’s 3...
State Farm Again Asked Utah Court to Lower Civil Judgment Award
Aug 26 2004 // An insurance company that already won a $136 million reduction of a punitive damage award thinks that the $9 million it was ordered to pay is still too high. State Farm Mutual Automobile Insurance Co. has appealed the...
State Farm Ruling Could Expand to Other Home Insurers
Aug 25 2004 // Attorney General Mike Hatch is intervening in a lawsuit that seeks to stop a State Farm insurance rate increase approved by the Department of Commerce earlier this year. The agency’s decision would allow...
If Mass. Rebuilds Residual Market, Auto Insurers Still Unlikely to Come
Aug 23 2004 // While Massachusetts’ officials are overhauling their auto insurance residual market in hopes of attracting new insurers, it is becoming increasingly clear that the legislature will have to join the reform effort if...
State Farm Offers to Donate Building to La. Parish
Aug 2 2004 // State Farm Insurance is eliminating more than 1,000 jobs in Monroe, La., but has offered to donate its largest building to the parish’s economic development group, according to the Associated Press. State Farm...
Maryland’s Job Loss Could be Virginia’s Gain as State Farm Insurance Reorganizes in Mid-Atlantic States
Jul 28 2004 // State Farm Insurance confirmed it is moving to phase-out its Frederick, Md. claims and operations office as part of a reorganization that could eliminate from 400 to 500 jobs there and an equal number in field offices in...
Wildfire Victims Question Industry’s Cost Calculator
Jul 19 2004 // Don Robinson says his Residence Mutual insurance policy pegged the cost of replacing his San Diego home at $233,000. After Southern California’s wildfires destroyed the 40-year-old biologist’s four bedroom...
Wildfire Victims Question Industry’s Cost Calculator
Jul 12 2004 // Don Robinson says his Residence Mutual insurance policy pegged the cost of replacing his San Diego home at $233,000. After Southern California’s wildfires destroyed the 40-year-old biologist’s four-bedroom...
Texas Lt. Governor Says Rates Should Fall Faster
Jun 17 2004 // Texas Lt. Governor David Dewhurst has reportedly taken State Farm and Farmers to task for not lowering their homeowners rates in the state at a faster pace and contesting the decreases in court. A report in the Houston...
W. Va. Lawmakers Study Home Insurance Costs
Jun 16 2004 // At least one insurance company tends to charge West Virginians more to cover their homes than residents in surrounding states, even when its losses are greater in the other states, according to a presentation given to...
State Farm Drops Auto Insurance Rates in New Mexico
May 10 2004 // State Farm Insurance, New Mexico’s largest auto insurer, is lowering customer rates by an average of 5 percent statewide thanks to fewer claims. Illinois-based State Farm, which handles more than 282,400 insurance...
Utah Supreme Court lowers $145 Million in Punitive Damages to $9 Million in State Farm Lawsuit
Apr 26 2004 // The Utah Supreme Court on Friday lowered by $136 million the amount of punitive damages State Farm Insurance should pay in a decades-old lawsuit alleging it underpaid insurance claims, cheated customers and destroyed...
Best Affirms Ratings of State Farm Group
Apr 22 2004 // A.M. Best Co. announced that it has affirmed the financial strength ratings of the property/casualty and life affiliates of the State Farm Group, and has revised the negative rating outlooks assigned to certain...
State Farm Condo Insurance Rates to Increase in Nev.
Apr 13 2004 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved the request of State Farm Fire and Casualty Company for an overall statewide average increase of 28.8 percent for rental condominium unitowners insurance,...
Best Affirms Top Layer Re ‘A+’ Rating
Apr 5 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Top Layer Reinsurance Ltd. (Bermuda) with a stable outlook. “The rating reflects the substantial amount of...
S&P Reports Top Layer Reinsurance Ltd. ‘AA’ Ratings Affirmed; Outlook Stable
Mar 17 2004 // Standard & Poor’s has affirmed its ‘AA’ counterparty and financial strength ratings on Top Layer Reinsurance Ltd. The outlook is stable. Top Layer Re is a 50%/50% joint venture between State Farm...
