Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
Best Affirms Top Layer Re’s ‘A+’ Ratings
May 26 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Bermuda-based Top Layer Reinsurance Ltd. ; both with stable outlooks. The...
Insurers Fight over Flood Policies Dropped by State Farm
May 16 2011 // Major U.S. insurers are pushing to gain control of 800,000 former State Farm flood insurance policies as lawmakers contemplate reforms to the nation’s flood insurance system. The conflict began last year when State...
State Farm to Close Offices in Illinois, Indiana, Michigan
May 11 2011 // State Farm plans to close two dozen field offices in Illinois, Indiana and Michigan where 1,300 people work to save $8 million over the next five years. The Pantagraph newspaper in Bloomington reported that the insurance...
Top 10 States for Dog Bite Claims
May 11 2011 // State Farm Insurance Co. has released its top 10 states for claims involving dog bites, with California on top in number of claims and Florida recording the highest cost per claim. The Bloomington-based State Farm reported...
California Leads Nation in Dog Bite Claims, State Farm Says
May 10 2011 // California leads the nation in the number of claims made and paid out by State Farm Insurance for dog bites, according to the Bloomington, Ill.-based insurer. The insurer recorded 369 claims were made, and $11.3 million...
Insurers Fight Over Flood Policies Dropped by State Farm
May 6 2011 // Major U.S. insurers jostled on Capitol Hill this week over control of 800,000 former State Farm flood insurance policies as lawmakers tried to advance reform of the nation’s flood insurance system. The conflict began...
Insurers Fight Over Flood Insurance Policies Dropped by State Farm
May 5 2011 // Major U.S. insurers jostled on Capitol Hill this week over control of 800,000 former State Farm flood insurance policies as lawmakers tried to advance reform of the nation’s flood insurance system. The conflict began...
State Farm Plans Chicago Retail Venture
Apr 18 2011 // State Farm Insurance plans to open a retail storefront in Chicago this summer where it apparently doesn’t plan to sell anything. The Bloomington-based insurer says it plans use it the location in Chicago’s...
Florida Jury Rules State Farm Driver Owed $3 Million in Lawsuit
Apr 14 2011 // A middle school teacher in Florida has been award $3 million in damages after a jury found State Farm refused to live up to its contract on a 2008 car accident. David Bowler sued State Farm for damages and medical costs...
Texas Lawmaker Cancels State Farm Policy Over Refund Issue
Apr 14 2011 // Texas State Rep. Joaquin Castro of San Antonio has announced he is terminating his policyholder relationship with State Farm Insurance Co. because of the company’s persistent refusal to pay back customers that have...
State Farm Plans Mileage-Based Premiums in Illinois
Apr 14 2011 // State Farm plans to begin increasing or lowering some of its Illinois policy holders’ rates next year based on how far they drive. The Bloomington-based company says its new Drive Safe and Save program will only be...
State Farm Again Ordered to Refund Texas Policyholders
Apr 12 2011 // A judge in Austin, Texas, has ruled that State Farm Insurance Co. must comply with a state insurance department directive to repay policyholders in a long running dispute between the insurer and Texas insurance regulators...
Florida Approves 18.8% State Farm Rate Increase
Apr 12 2011 // Florida Insurance Commissioner Kevin McCarty has approved a statewide average 18.8 percent rate increase in State Farm’s homeowners’ policies, which is roughly 10 percent below the 27.9 percent it initially...
State Farm Denied Rate Hike in Louisiana; Citizens Gets 6.5% Increase
Apr 4 2011 // Louisiana insurance regulators rejected a rate increase from the state’s largest insurer of homes, but the board of the state’s property insurer of last resort approved a rate hike, albeit smaller than the one...
State Farm Homeowners’ Rate Hike Rejected in Louisiana
Mar 24 2011 // Louisiana insurance regulators have rejected a rate increase from the state’s largest insurer of homes. State Farm Fire and Casualty Co. wanted an average 14.3 percent rate hike for its 301,000 customers who get...
State Farm Sponsors ‘Stay-in-School’ Campaign with Heat’s James
Mar 22 2011 // LeBron James studies statistics all the time. One in particular is jumping out at him these days. And it has nothing to do with basketball. James will help lead a new stay-in-school initiative being unveiled in Washington...
State Farm Posts $1.8 Billion Net Income for 2010 Despite Underwriting Losses
Mar 3 2011 // State Farm reported $1.8 billion in after-tax net income in 2010, compared with $800 million in 2009. The improvement “was driven by the P-C companies’ improved results,” said the bulletin, which also...
State Farm Florida Cites Sinkhole Claims in Rate Hike Bid
Feb 18 2011 // Citing sinkhole losses and higher operating expenses, State Farm Florida asked state regulators this week for a 28 percent premium increase on its homeowners policies. Sinkhole claims, which are approaching $2 billion over...
Texas Judge, a State Farm Customer, Withdraws from Overcharges Case
Feb 18 2011 // A Texas judge who’s a State Farm Insurance customer has withdrawn from hearing the company’s fight against paying $350 million in alleged overcharges. The case has been reassigned to Judge Rhonda Hurley. No new...
State Farm Florida Seeks 28% Home Insurance Rate Hike
Feb 1 2011 // State Farm of Florida is requesting a statewide average 27.7 percent homeowners insurance rate increase citing the rising costs of sinkhole claims. The request comes as Florida lawmakers are trying to broker a deal over...
