Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
Judge Reduces State Farm’s Punitive Damages in Miss. Katrina Case
Jan 31 2007 // The federal judge overseeing the Katrina claims cases in Mississippi has reduced a recent $2.5 million jury award of punitive damages against State Farm to $1 million. U.S. District Judge L.T. Senter ruled that a punitive...
Homeowners win key water v. wind Katrina claims case against State Farm
Jan 29 2007 // Insurer then settles next case without going to trial; U.S. Rep. Taylor calls for Congressional probe of industry claims practices In a Hurricane Katrina claims decision watched closely by the insurance industry, a federal...
Southern surprise?
Jan 29 2007 // There was an important court ruling in Mississippi earlier this month that had the whole industry, not just Mississippians, watching closely. The insurance industry, or at least State Farm, was surprised when the insurer...
Declarations
Jan 29 2007 // Universal health plans “We must commit ourselves to the goal that all Kansans will have health insurance, and we must begin now.” Kansas Gov. Sebelius comments in her “state of the state” address on...
People and Places
Jan 29 2007 // Argonaut Group Inc., based in San Antonio, reported that Gregory M. Vezzosi has joined the organization as executive vice president and chief operating officer. Vezzosi will report to Mark E. Watson III, president and...
Mississippi surprise?
Jan 29 2007 // The insurance industry, or at least State Farm, was surprised earlier this month when the insurer lost a closely-watched Mississippi case involving wind and water damage from Hurricane Katrina. “We did not expect...
It Figures
Jan 29 2007 // $60 billion The record estimated income after taxes for the property casualty insurers in 2006, according to the Insurance Information Institute. $8 billion The estimate of insured catastrophe losses in 2006, down from $62...
Figures
Jan 28 2007 // $60 billion The record estimated income after taxes for the property casualty insurers in 2006, according to the Insurance Information Institute. $8 billion The estimate of insured catastrophe losses in 2006, down from $62...
Editor’s Note: Mississippi surprise?
Jan 28 2007 // The case appears to be more about how one insurer handled a particular claim and not a ruling with widespread impact on the industry. The insurance industry, or at least State Farm, was surprised earlier this month when...
Homeowners win key water v. wind Katrina claims case against State Farm
Jan 28 2007 // In a Hurricane Katrina claims decision watched closely by the insurance industry, a federal judge in Mississippi ruled that State Farm failed to properly settle a claim involving both wind and water damage from Hurricane...
Editor’s Note: Southern surprise?
Jan 28 2007 // The case appears to be more about how one insurer handled a particular claim and not a ruling with widespread impact on the industry. There was an important court ruling in Mississippi earlier this month that had the whole...
Federal Judge Puts Part of State Farm Katrina Settlement on Hold
Jan 27 2007 // The federal judge who must sign off on a proposed $50 million class action settlement involving State Farm’s handling of Hurricane Katrina claims has said he needs lots more information before agreeing to the deal...
State Farm Storm Surge Settlement Could Scare Insurers from Mississippi Market
Jan 26 2007 // A landmark legal settlement with State Farm Fire & Casualty Co. promises to jump-start the rebuilding process for thousands of Mississippi homeowners devastated by Hurricane Katrina, but critics warn the deal could...
Court Reverses $20 Million Jury Award to Ex-State Farm Agents
Jan 25 2007 // The Missouri Court of Appeals on Tuesday threw out a $20 million jury award to five former State Farm Insurance agents who claimed they were improperly terminated for criticizing the company’s treatment of...
State Farm Settles Miss. Katrina Lawsuits; Agrees to Reopen Other Miss. Claims
Jan 24 2007 // State Farm Insurance has agreed to settle a Mississippi class action brought by more than 600 policyholders involving property claims related to Hurricane Katrina and reopen thousands of additional Katrina claims. There is...
Ex-State Farm Adjusters Tell Miss. Grand Jury of Katrina Claims
Jan 23 2007 // A Mississippi grand jury probing State Farm Insurance Co.’s handling of claims after Hurricane Katrina heard testimony this week from two sisters who turned over reams of internal claims records to investigators...
State Farm Settles a Miss. Katrina Lawsuit Before Trial
Jan 22 2007 // State Farm Fire & Casualty Co. settled out of court last Friday with a Mississippi policyholder whose lawsuit over Hurricane Katrina damage was scheduled to be tried next week in federal court. State Farm settled with...
Key Federal Katrina Ruling Favoring Homeowners Surprises Industry
Jan 12 2007 // In a Hurricane Katrina claims decision that surprised the insurance industry, a federal judge ruled that State Farm did not provide sufficient evidence to prove what damage to a Mississippi family’s house was caused...
State Farm to Lower Texas Auto Rates
Jan 12 2007 // State Farm announced plans to lower its overall auto insurance rates in Texas. The change, which represents a savings of nearly $104 million annually to State Farm’s Texas auto insurance customers, will be effective...
Judge Orders 83 Katrina Claims Cases, Including Sen. Lott’s, to Mediation
Jan 11 2007 // A federal judge on Wednesday ordered into mediation dozens of lawsuits policyholders filed against insurance companies after Hurricane Katrina. Several of the cases sent to mediation, which accuse the insurance companies...
