Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
New Florida Legislative Session Faces Familiar Insurance Problems
Feb 24 2010 // Randi Schuknecht worried that her longtime, established insurance company was about to leave Florida — and leave her without a homeowner’s policy. So she found a new insurer — one she wouldn’t have...
State Farm Homeowners Rate Increase Denied in Louisiana
Feb 21 2010 // Louisiana Insurance Commissioner Jim Donelon declined to approve a rate request filed by State Farm Fire and Casualty Company that would have raised homeowners insurance rates by a statewide average of 19.1 percent. State...
Louisiana Commissioner Denies State Farm’s 19% Rate Increase
Feb 11 2010 // Louisiana Insurance Commissioner Jim Donelon has declined to approve a rate request filed by State Farm Fire and Casualty Company that would have raised homeowners insurance rates by a statewide average of 19.1...
State Farm Says It Warned U.S. Officials About Toyota Accident Trend in 2007
Feb 8 2010 // Private insurer State Farm informed a U.S. government regulator of a worrying trend of vehicle-caused accidents involving Toyota Motor Corp. as far back as late 2007, an official at the company said. “When you start...
State Farm Begins Sending Non-Renewal Notices in Florida This Week
Feb 1 2010 // Thousands of State Farm Florida property insurance customers will be seeing notices in their mailboxes this week saying their policies will not be renewed, a company spokesman said. The first wave of notices will be mailed...
State Farm to Drop 1,650 Policies on North Carolina’s Barrier Islands
Jan 15 2010 // State Farm will drop as many as 1,650 insurance policies on homes on North Carolina’s coastal barrier islands, according to state officials. Kristin Millam, public information director for the North Carolina...
State Farm Seeking 19.1 Percent Statewide Rate Hike in Louisiana
Jan 11 2010 // State Farm Fire and Casualty Co., Louisiana’s largest homeowners insurer, has asked insurance regulators for a rate increase that would average 19.1 percent statewide with coastal residents taking the brunt. The...
It Figures
Jan 10 2010 // $19 Million The amount being funneled to the Mississippi wind pool from the Mississippi Insurance Department this month. Insurance Commissioner Mike Chaney said the funds should help stabilize premium rates for wind pool...
Insurance Does Not Cover Shootings by Drunk Pennsylvania Doctor
Dec 18 2009 // The U.S. Third Circuit Court of Appeals has ruled that a man’s drunkenness did not render his attempted shootings of a woman accidental and therefore did not trigger coverage under either his homeowners policy or his...
State Farm to Stay in Florida, Cancel 15% of Policies, Raise Rates 15%
Dec 16 2009 // State Farm Florida will remain in Florida under a negotiated agreement that allows it to cancel about 15 percent of its policies and raise rates 14.8 percent. The deal also allows its contract agents to place the business...
New York Cancels 113 State Farm Non-Renewals on Long Island
Dec 16 2009 // New York officials recently directed State Farm Insurance Co. to give 113 Long Island property owners the opportunity to renew their homeowners’ policies with the company. The action came as the result of a complaint...
State Farm Says It’s Paying Too Much in Property Tax to Bloomington
Dec 16 2009 // State Farm Insurance thinks it’s paying too much in property taxes in its hometown of Bloomington, Ill. If the company is right it could cost local schools and government millions of dollars. The Bloomington-based...
State Farm Rate Hike Not Easy But Necessary, Says Mississippi’s Chaney
Dec 11 2009 // Mississippi Insurance Commissioner Mike Chaney said he was not happy about granting a 19.5 percent homeowners rate increase to State Farm, but he had little choice. “Would you want me to have 26,000 policies canceled...
State Farm Florida: Stay or Go?
Dec 6 2009 // The state’s largest private property insurer may not leave Florida after all, Insurance Commissioner Kevin McCarty told Gov. Charlie Crist and other members of the Florida Cabinet. McCarty, repeating what he has told...
State Farm Appeals $310M Refund Order
Dec 6 2009 // The six-year battle between the Texas Department of Insurance and State Farm Lloyd’s (SFL) over homeowners insurance rates that TDI says are excessive is destined to continue. State Farm appealed an order signed by...
Hearing on State Farm Florida Exit Plan Postponed Until January
Dec 2 2009 // A state administrative court hearing on State Farm Florida Insurance’s plan for withdrawing from Florida’s property insurance market that was set for Dec. 17 has been postponed again. At the request of...
Mississippi Allows 19.5% State Farm Coastal Rate Hike
Dec 1 2009 // Insurance rates for about 26,000 State Farm homeowners in three Mississippi coastal counties will rise 19.5 percent beginning in February. Mississippi Insurance Commissioner Mike Chaney announced the rate increase, noting...
State Farm Appeals Texas Commissioner’s $310M Refund Order
Nov 30 2009 // State Farm Lloyds has filed an appeal to a Texas Department of Insurance order to pay home insurance policyholders $310 million in refunds and interest for alleged overcharges going back as far as 2003. Spokesman Kevin...
McCarty Hopeful State Farm Exit from Florida Can be Avoided
Nov 20 2009 // The state’s largest private property insurer may not leave Florida after all, Insurance Commissioner Kevin McCarty told Gov. Charlie Crist and other members of the Florida Cabinet. McCarty, repeating what he has told...
State Farm Owes $310M in Refunds, Texas Regulators Say
Nov 17 2009 // The Texas Department of Insurance has ordered State Farm Lloyd’s (SFL) to refund a total of $310 million to policyholders after finding that the insurer had overcharged customers beginning in 2003. It’s a...
