Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
N.J. Auto Reforms Continue Drive Forward
Mar 3 2004 // New Jersey Banking and Insurance Commissioner Holly Bakke announced this week that the competitive auto insurance marketplace that is emerging in New Jersey reportedly as a result of Governor McGreevey’s reforms is...
State Farm’s Monroe Center to Close After All
Feb 5 2004 // Despite the new governor’s efforts, State Farm Insurance will apparently go ahead with plans to close its operations center in Monroe, La. According to Associated Press reports, the company will close the facility by...
NYSID Publishes Annual Ranking of Automobile Insurance Complaints
Dec 31 2003 // The New York State Insurance Department has published its annual compilation of the state’s 50 largest automobile insurance companies or groups of companies based on the record of complaints in 2002 The NYSID...
N.Y. Department Notes 5% Overall Auto Rate Reduction by State Farm Mutual
Nov 13 2003 // New York Superintendent of Insurance Gregory Serio announced that the Insurance Department has approved a State Farm Mutual Insurance Company overall rate reduction of 5% on their private passenger automobile rates which...
STATE FARM AGREES TO SETTLEMENT OF $250,000 FOR ALLEGED VIOLATIONS:
Oct 20 2003 // The California Depart-ment of Insurance (CDI) reached a settlement agreement requiring State Farm Mutual Automobile Insurance Company (State Farm) to pay $250,000 for reportedly selling long-term care (LTC) insurance...
New CPCUs Welcomed by Central Texas CPCU Society
Sep 26 2003 // The Central Texas Chapter of the CPCU Society (Chartered Property Casualty Underwriters) congratulates the following property and casualty insurance professionals on obtaining the CPCU designation: James Beene, Texas...
State Farm Agrees to Settlement of $250,000 for Alleged Violations of I.C.
Sep 22 2003 // The California Department of Insurance (CDI) reached a settlement agreement requiring State Farm Mutual Automobile Insurance Company (State Farm) to pay $250,000 for selling long-term care (LTC) insurance policies that...
TDI Stands by Rate Cuts for State Farm, Farmers
Sep 16 2003 // Ruling on appeals filed by State Farm Lloyds Insurance and Farmers Insurance Companies regarding ordered homeowners rate reductions, Texas Insurance Commissioner Jose Montemayor upheld the rate cuts ordered by the Texas...
Florida OIR Releases Final Order on State Farm Mold Filing
Sep 8 2003 // The Florida Office of Insurance Regulation (OIR) issued its final order regarding three homeowner policy endorsements that sought to exclude mold damage resulting from a covered peril. State Farm Florida Insurance Company...
N.J. Auto Reforms May Signal Regulatory Climate Change Nationwide
Jul 7 2003 // When Governor James E. McGreevey signed The New Jersey Automobile Insurance Competition and Choice Act (S-63/A-2625), he launched another effort aimed at solving the state’s automobile insurance crisis. This time,...
STATE FARM HOMEOWNER RATES INCREASE IN NEV:
Jun 23 2003 // Nevada Insurance Commissioner Alice Molasky-Arman has approved State Farm Fire and Casualty Company’s request for an overall statewide average increase of 5.2 percent, or $2.5 million. This is part of a total...
S&P Affirms State Farm Group Members Rtgs; Outlook Stable
Jun 19 2003 // Standard & Poor’s has affirmed its ‘AA’ counterparty credit and financial strength ratings on State Farm Mutual Automobile Insurance Co. (SFMA) and five other interactively rated members of the State...
State Farm Resumes Writing New Policies in Ark.
Jun 17 2003 // Arkansas Insurance Commissioner Mike Pickens announced that State Farm Fire and Casualty Insurance Company would immediately resume writing new homeowner’s policies in the State of Arkansas. The company returns to...
State Farm Homeowner Rates Increase in Nev.
Jun 2 2003 // State Insurance Commissioner Alice A. Molasky-Arman has approved State Farm Fire and Casualty Company’s request for an overall statewide average increase of 5.2 percent, or $2.5 million. This is part of a total...
STATE FARM RATE INCREASES IN LA.
May 5 2003 // State Farm recently won a 12.2 percent average rate increase for homeowners policies in Louisiana that goes into effect June 15. At that time around 263,000 Louisiana homeowners will face an average increase of $100....
State Farm Gets Rate Increases in Louisiana
Apr 21 2003 // Beginning June 15, State Farm homeowner policyholders in Louisiana will face a 12.2 percent rate increase averaging about $100 more per year. According to the New Orleans Times Picayune, the Louisiana Insurance Rating...
N.Y. Man Arrested for Fraudulently Reporting Auto Theft to Further Scheme
Apr 18 2003 // New York Superintendent of Insurance Gregory Serio announced the arrest of Ricky DeSantis of Rochester, who was charged with insurance fraud, attempted grand larceny and falsifying business records. It is alleged that on...
State Farm Approved to Use Emergency Adjusters in Okla.
Apr 15 2003 // Oklahoma Insurance Commissioner Carroll Fisher approved an application by State Farm Insurance to use emergency adjusters to expedite claims settlements following weekend storms that caused wind and hail damage across his...
Supreme Court Sides With State Farm, Insurance Industry
Apr 7 2003 // A jury award that would have forced State Farm Insurance Cos. to pay a Utah man $145 million in punitive damages has been overturned by the U.S. Supreme Court. Insurance trade groups said the 6-3 decision was a win not...
Jurors Speak Out in State Farm vs. Pyorre and Wier Case
Mar 10 2003 // Mendocino County Superior Court Judge Richard Henderson recently overturned a jury’s $6 million award to former State Farm agents Rich Pyorre and John Wier, of Fort Bragg and Crescent City, Calif., respectively, in a...
