Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
S&P Places State Farm Ratings on WatchNeg
Mar 11 2002 // Standard & Poor’s has placed its triple-‘A’ financial strength ratings on all State Farm’s interactively rated operating companies on CreditWatch with negative implications, primarily because...
S&P Lowers State Farm Lloyds
Feb 25 2002 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on State Farm Lloyds (SF Lloyds), which writes homeowners insurance in Texas, to “A” from “AAA.” At the...
CDI sets landlord’s facts straight
Jan 14 2002 // Jagdish Chandra of Fullerton was arrested by CDI investigators arrested on one count of insurance fraud and two counts of perjury. Chandra, 58, was booked into the Orange County Jail on a $10,000 bail felony warrant. An...
Top 10 Stories of 2001
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the Future This is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth,...
Texas Defendants Must Pay $26 Million for Defrauding State Farm
Dec 17 2001 // In Houston, U.S. District Judge Melinda Harmon ordered four defendants accused of defrauding State Farm Insurance by making false claims in hundreds of staged auto accidents to pay damages to the tune of $26...
Kinney Elected as PIFC Chairman of the Board
Dec 13 2001 // Dan Dunmoyer, president of the Personal Insurance Federation of California (PIFC), announced that Daniel E. Kinney, California vice president-public policy for State Farm Insurance Companies, was elected Chairman of the...
NASFA Files Suit against State Farm
Dec 11 2001 // The National Association of State Farm Agents Inc. filed suit recently against State Farm in Federal District Court on behalf of members, claiming breach of contract. The action was taken due to alleged raiding of the...
Fullerton, Calif. Man Arrested on Fraud, Perjury Charges
Dec 11 2001 // California Department of Insurance Fraud Investigators arrested a Fullerton man last week on one count of insurance fraud and two counts of perjury. Jagdish Chandra, 58, was booked into the Orange County Jail on a $10,000...
California Drivers to See Some Auto Rate Increases in the New Year
Dec 10 2001 // Auto insurers across the state are making a beeline for Sacramento with their Christmas wish list for rate hikes following several years of rate cuts for California motorists. Those insurers who were chopping rates two or...
Liberty NJ Auto Rate Increase Approved, Best Downgrades State Farm Indemnity
Nov 21 2001 // The ongoing battle between New Jersey’s automobile insurers and the State’s politicians and regulators recorded two new developments yesterday with the announcement that Liberty Mutual Fire Co. and its...
Michigan-Based NAPAA Files Lawsuit Against Allstate
Nov 21 2001 // Canton, Mich.-based National Association of Professional Allstate Agents (NAPAA) filed a lawsuit in U.S. District Court in Tampa, Fla. against Allstate Insurance Co., claiming that the insurer breached its agreement with...
NAII Claims Utah Ruling Was Flawed
Nov 13 2001 // A Utah Supreme Court decision reinstating a $145-million punitive damages award against State Farm Mutual Automobile Insurance Co. in a bad-faith case also upheld “irrelevant” admission of evidence that...
NJ Allows State Farm 7% Rate Raise
Nov 12 2001 // New Jersey’s Department of Banking and Insurance reached a compromise agreement with State Farm Indemnity, the State’s largest automobile insurer, which will permit it to raise premiums by 7 percent overall;...
State Farm to Provide $142 Million to Lloyd’s Amlin
Oct 24 2001 // State Farm made another big investment in the reinsurance market, when it agreed to provide an additional £100 Million ($142.5 million) in capital to Lloyd’s Amlin syndicate in which it is a major...
State Farm Auto Rates in Oregon Driven Up
Oct 9 2001 // State Farm auto insurance policyholders in Oregon, who are accustomed to seeing annual dividend checks, instead will see an average 5.4 percent raise in rates starting Nov. 1, the company said earlier this week. According...
Retreating Insurers Create Turmoil in the Texas HO Market
Oct 8 2001 // Despite efforts by the Texas Department of Insurance to stabilize the homeowners insurance market in the state, property/casualty insurers are bailing out of the Texas market or scaling back coverage, at least temporarily,...
State Farm Lloyds Rating Under Review
Oct 8 2001 // A.M. Best Co. placed under review the A- (Excellent) financial strength rating of State Farm Lloyds, which is headquartered in Dallas. The action primarily reflects deterioration in the company’s capital position...
Courts Continue to Reject Diminished Value Concept in Class Actions
Sep 5 2001 // In spite of an ongoing influx of litigation, U.S. courts continue to reject class-action lawsuits involving diminished value, a concept referring to the difference between the value of a vehicle before and after it was...
2000 Market Share For Insurers in Texas
Sep 3 2001 // The books are closed on 2000 Texas premium and loss information for the insurance industry. IIAT’s annual review of market share data contains a few surprises, some good news and some bad news. Here are the...
STATE FARM’S EXIT SLOWED
Aug 27 2001 // New Jersey’s Department of Banking and Insurance is seeking to prolong the state’s largest automobile insurer’s presence in order to give State Farm’s 800,000-plus customers time to find alternative...
