Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
Fungus Endorsement Outweighs Resulting Loss in Florida State Farm Case
Oct 5 2021 // A Florida appeals court has reversed a trial judge, finding that a homeowner’s State Farm policy did not cover damages from a septic tank leak because of a fungus endorsement on the policy. In State Farm Florida...
Donelon Doubles Down as State Farm Refuses to Cover Ida Evacuation Costs
Sep 17 2021 // For the second time in a week, Louisiana Insurance Commissioner Jim Donelon has said he is considering levying fines against insurance companies that continue to refuse to comply with his emergency directive to cover the...
Hagerty and State Farm Partnering on Classic Vehicle Insurance
Aug 12 2021 // State Farm is collaborating with Traverse City, Michigan-based Hagerty to introduce a new insurance product for classic vehicles, State Farm Classic+, beginning in 2022. Hagerty is an automotive lifestyle brand and a...
State Farm Returning $400M to California Auto Customers
Mar 22 2021 // State Farm is returning $400 million to California mutual auto insurance customers due to better than anticipated claim results, the company reported. The announcement comes as the California Insurance Commissioner Ricardo...
State Farm Returning $400M to California Auto Customers
Mar 11 2021 // State Farm is returning $400 million to California mutual auto insurance customers due to better than anticipated claim results, the company announced this week. The announcement comes as the California Insurance...
National Fire Protection Association, State Farm Funding Wildfire Preparedness
Feb 4 2021 // The National Fire Protection Association and State Farm have kicked off a funding awards application period for the eighth national Wildfire Community Preparedness Day on Saturday, May 1, which helps communities prepare...
Newfront in California Names State Farm’s De Fazio Field Sales Leader
Dec 9 2020 // Newfront Insurance has added Mic De Fazio as a field sales leader. De Fazio will lead brokers in developing client solutions and continuing the firm’s organic growth. De Fazio will join the sales leadership team. He...
Washington Man Faces Theft, Fraud Charges After Filing $65K in Claims
Nov 18 2020 // Jaskaran Singh Gill, of Tukwila, Wash., was charged in King County Superior Court in Washington with two counts of first-degree theft, one count of second-degree theft and four counts of filing a false insurance claim...
State Farm Fire Prevention Pilot Tests Sensors That Detect Electrical Wiring Defects
Nov 17 2020 // State Farm is sending sensors that can detect hazards in electric wiring to 40,000 homeowners in California, Arizona and Texas as part of a pilot project that will measure potential savings and customer acceptance. Mike...
Insureds After COVID Premium Cuts Must Ask State Regulator First, Judge Rules
Oct 26 2020 // A federal judge has ruled that State Farm Fire and Casualty Co. does not have to return premiums to a small business customer because of the insured’s reduced business during the pandemic. The judge in Missouri found...
Business Moves
Oct 5 2020 // National OneBeacon, International Bond & Marine Brokerage OneBeacon Insurance Group said it has acquired International Bond & Marine Brokerage Ltd. (IB&M), a privately held brokerage and risk management firm...
5th Circuit Backs Plaintiffs in Insurer Interest Penalty Case
Oct 5 2020 // A Houston plaintiff’s attorney defeated State Farm Lloyd’s for the fourth time on the same issue, this time coming away with a federal appellate court ruling that policyholders don’t have to prove that...
5th Circuit Reasserts Bad Faith Not Necessary to Win Interest Penalty Against Texas Insurers
Sep 22 2020 // A Houston plaintiff’s attorney defeated State Farm Lloyd’s for the fourth time on the same issue, this time coming away with a federal appellate court ruling that policyholders don’t have to prove that...
The Villages of Florida Adds 3 from State Farm to Personal Lines Team
Sep 21 2020 // The Villages Insurance Partners has added 3 former State Farm employees to its Personal Lines Insurance team. Specializing in home, auto and golf car insurance, Chelsea Allen, Julia Skillman and Lacey Maher collectively...
In a First, State Farm to Acquire Texas Nonstandard Auto Insurer GAINSCO
Sep 17 2020 // State Farm Mutual Automobile Insurance Co. is acquiring Dallas-based nonstandard auto insurer, GAINSCO, in a $400 million cash transaction. It will be the first time in State Farm’s 98-year history that it has...
Defendants in Separate COVID-19 Business Interruption Suits Score Wins in Texas Courts
Sep 7 2020 // Rulings in two lawsuits originating in Texas over business income losses related to the COVID-19 pandemic were handed down in August in favor of insurance firms. In one, an insurance agency was added to a restaurant...
CoreLogic Estimates Hurricane Laura Insured Losses at $8B to $12B
Aug 28 2020 // Property information, analytics and data provider, CoreLogic, has estimated residential and commercial insured losses from Hurricane Laura in Louisiana and Texas will come in at between $8 billion and $12 billion. That...
Analysts Warn of Effects of Hurricane Laura Losses on P/C Insurers
Aug 27 2020 // Ratings analysts A.M. Best and Moody’s are expecting property/casualty insurers and reinsurers to suffer meaningful losses from Hurricane Laura. A.M. Best expects losses from Hurricane Laura to place added stress on...
Judge Tosses Texas Barbershops’ Suit Against Insurer Over Coronavirus Losses
Aug 16 2020 // A federal judge has agreed with an insurer that a group of barbershops in the San Antonio, Texas-area have no basis for claims seeking coverage under their commercial insurance policies for business interruption losses...
5th Circuit: Texas Carrier Must Defend Against Claim Despite Policy Exclusion
Aug 3 2020 // Texas law requires an insurer to defend the grandparents of a 10-year-old boy who was killed while driving their all-terrain vehicle against a negligence lawsuit, even though the carrier says neither the boy nor the crash...
