Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
Court Affirms Class Action Suit Against State Farm in Kentucky Claim Underpayment Case
Jul 27 2020 // A federal appellate court has cleared the way for a class-action lawsuit to proceed against State Farm Fire and Casualty Insurance Co. that may force the insurer to correct underpayments paid to some 65,000...
Personal Lines Insurance Poised to Turn Profit in 2020 As Auto Claims Fall: Fitch
Jul 20 2020 // After a profitable 2019, the U.S. personal lines insurance sector is positioned to see underwriting profits in 2020 even with considerable economic uncertainty from the coronavirus pandemic, according to a report from...
State Farm to Further Decrease Auto Insurance Rates in Louisiana
Jul 6 2020 // State Farm Insurance Co. has been approved for an overall auto insurance rate decrease of 9.6% in Louisiana, the state insurance department reported. State Farm’s rate reduction most recently approved by Louisiana...
Missouri Appeals Court Upholds Owned-Vehicle Uninsured Motorist Exclusion
Jun 26 2020 // In Johnson v. State Farm Mutual Auto Insurance Company, Johnson appealed a Missouri trial court’s grant of summary judgment in favor of State Farm, which upheld an owned-vehicle uninsured motorist (UM) exclusion...
In a Reversal, Texas Supreme Court Allows Prompt Payment Claim Against State Farm Lloyds
May 4 2020 // Texas’ high court recently reversed the ruling of an appeals court in a case involving whether an insurer’s payment of an appraisal award negates an insured’s claim against the carrier under the Texas...
Texas High Court Allows Prompt Payment Claim Against State Farm Lloyds
Apr 28 2020 // Texas’ high court recently reversed the ruling of an appeals court in a case involving whether an insurer’s payment of an appraisal award negates an insured’s claim against the carrier under the Texas...
State Farm Cutting Homeowners Rates in Louisiana
Apr 20 2020 // Louisiana Insurance Commissioner Jim Donelon has approved an overall base rate decrease of 3.5% for homeowners policies issued by State Farm Insurance Co. in Louisiana. State Farm provides homeowners’ coverage to...
Louisiana Insurance Commissioner: State Farm Cutting Auto, Homeowners Rates
Apr 13 2020 // Louisiana Insurance Commissioner Jim Donelon has approved overall base rate decreases of 3.5% for homeowners’ policies issued by State Farm Insurance Co., which follows his approval of an additional decrease of 2.3%...
State Farm Begins Exit From Banking Business Via U.S. Bank Strategic Alliance
Mar 10 2020 // State Farm is getting out of the banking business. The property/casualty insurer said it has formed a strategic alliance with U.S. Bank, allowing it to assume State Farm Bank’s existing deposit and credit card...
Wildfire Crisis is Roiling California’s Insurance Market
Nov 27 2019 // Lauris Bye, a homebuilding industry veteran who moved to Southern California’s wildfire-prone hills decades ago, felt confident about the newly built house he was buying about 30 miles north of downtown Los...
State Farm Plans Another Auto Insurance Rate Cut in Louisiana
Sep 9 2019 // State Farm Mutual Insurance Co. has filed for an overall statewide average private passenger auto insurance rate reduction of 2.6% in Louisiana, according to the state insurance department. The Louisiana Department of...
State Farm to Cut Auto Insurance Rates in Missouri
Sep 6 2019 // More than 1 million customers of State Farm Mutual Automobile Insurance Co. soon will see their personal auto insurance rates decline, the insurer said. State Farm Mutual said effective Sept. 1 it will decrease the overall...
Louisiana Commissioner, State Farm Dispute Hurricane Deductibles
Sep 2 2019 // Louisiana Insurance Commissioner James Donelon has issued a cease and desist order against State Farm in a dispute over policy deductibles related to Hurricane Barry. The state Department of Insurance received a complaint...
Louisiana Insurance Commissioner, State Farm at Odds Over Hurricane Deductibles
Aug 26 2019 // Louisiana Insurance Commissioner James Donelon has issued a cease and desist order against State Farm in a dispute over hurricane deductibles before Hurricane Barry. The state Department of Insurance received a complaint...
In Review of Hail Claims Cases, Texas High Court Clarifies Bad Faith in Appraisal Process
Aug 19 2019 // An insurer’s payment of the appraisal value after disputing a claim does not establish that it was liable, nor does that payment prevent a policyholder from pursuing penalties under the Prompt Payment of Claims Act,...
State Farm Lowering Home Insurance Rates in Kansas
Aug 7 2019 // State Farm said it is reducing its Kansas homeowners insurance rates by an average of 2.2 percent. The total statewide expected savings impact for State Farm customers by this rate decrease is approximately $5.1...
AM Best Upgrades Credit Rating of State Farm Florida Insurance Co.
Aug 7 2019 // AM Best has upgraded the FSR to A- (Excellent) from B++ (Good) and the Long-Term ICR to “a-” from “bbb+” of State Farm Florida Insurance Co. (State Farm Florida) based in Winter Haven, Fla. The...
Texas High Court Clarifies Bad Faith in Appraisal Process
Aug 2 2019 // An insurer’s payment of the appraisal value after disputing a claim does not establish that it was liable, nor does that payment prevent a policyholder from pursuing penalties under the Prompt Payment of Claims Act,...
State Farm Cuts Auto Insurance Rates in Hawaii
Jul 16 2019 // State Farm Mutual Automobile Insurance Co. will cut its rates in Hawaii for the third time in two years, the company announced. As a result, its overall personal auto rate will drop by 2.6 percent. The total state-wide...
Auto Insurance Rates Going Down in Louisiana
Jul 1 2019 // Two more carriers are planning to lower their auto insurance rates in Louisiana, the state’s insurance department reported in June. Both Progressive Security Insurance Co. and Louisiana Farm Bureau have filed to...
