Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
Arrests for Insurance Fraud and Grand Theft
Mar 10 2003 // Two men were arrested and charged with felony insurance fraud and grand theft after being investigated by the Special Investigation Unit within State Farm Insurance and the California Department of Insurance (CDI) Fraud...
A.M. Best Lowers Rating of Top Layer Reinsurance Ltd.
Mar 4 2003 // A.M. Best Co. has lowered the financial strength rating to A+ (Superior) from A++ (Superior) of Bermuda-based Top Layer Reinsurance Ltd. and maintained a stable outlook on the company. The lowering of this rating is a...
Exclusive Agents Feel the Squeeze
Feb 10 2003 // The times they are a’changin’.” Bob Dylan’s 60’s refrain could be the theme song for a new spirit moving through the ranks of the insurance industry’s exclusive (captive) agents. The...
U.S. Supreme Court to Review Campbell Decision
Feb 10 2003 // In December 2002 the U.S. Supreme Court heard arguments in the case of Campbell vs. State Farm. Four of the justices voted to hear the case. They will render their decision by the end of the current term in June, and a lot...
Exclusive Agents Feel the Squeeze
Feb 10 2003 // The times they are a’changin’.” Bob Dylan’s 60’s refrain could be the theme song for a new spirit moving through the ranks of the insurance industry’s exclusive (captive) agents. The...
State Farm to Issue Modified Mold Mailer in Louisiana
Jan 22 2003 // Acting Louisiana Commissioner of Insurance Robert Wooley announced that State Farm will issue new information to Louisiana policyholders clarifying the company’s prior notice on mold and fungus claims. Over the past...
Calif. Judge Overturns State Farm Trade Secrets Ruling
Jan 20 2003 // A Mendocino Country Superior Court judge has overruled the jury verdict in the case of two former State Farm agents vs. State Farm Mutual Automobile Insurance Company (IJ West, Sept. 2, 2002). Richard Pyorre and John Wier,...
PIFC Elects 2003 Board Chairman and Officers
Jan 13 2003 // Dan Dunmoyer, president of the Personal Insurance Federation of California (PIFC), announced that Daniel E. Kinney, California vice president-operations for State Farm Insurance Companies, will continue serving as the...
Body Shop Owner & Accomplice Arrested for Fraud, Grand Theft
Jan 6 2003 // Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division announced the arrest of Mike I. Masarweh, 36, owner of All Pro Mechanicx, a San Francisco auto repair...
Mississippi Grants State Farm Homeowners Increase
Jan 6 2003 // Mississippi Insurance Commissioner George Dale announced that State Farm Fire and Casualty Co. was granted modified rate hikes for homeowners insurance consisting of a 19.9 percent increase statewide, and a 25 percent...
Farmers to Stay in Texas; TDI Resumes Scrutiny of Allstate, State Farm
Dec 16 2002 // A $100 million settlement was reached between the Texas Department of Insurance (TDI) and the Office of Attorney General (OAG) and Farmers Insurance Group on Nov. 30, under which Farmers will continue to offer homeowners...
State Farm Members Lowered
Dec 16 2002 // S&P’s lowered its counterparty credit and financial strength ratings on all members of the State Farm Group of Insurance Companies (State Farm) except State Farm Lloyds to “AA” from “AA+”...
La. Commissioner Calls State Farm Mold Notice Misleading
Dec 6 2002 // A notification from State Farm to its Louisiana homeowner customers citing an exclusion of mold coverage is misleading, according to acting Commissioner of Insurance Robert Wooley. Wooley said the company has notified its...
State Farm Agrees to Pay $775,000 + Costs in Settlement with MN Dept. of Commerce
Dec 5 2002 // State Farm and the Minnesota Department of Commerce – Insurance Division-have ended an 18-month investigation into the company’s auto and homeowners insurance rates by reaching an agreement that the insurer...
S&P’s Lowers Majority of State Farm Ratings
Nov 29 2002 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on all the members of the State Farm group of insurance companies (State Farm) except State Farm Lloyds to ‘AA’...
State Farm Seeks Auto Rate Increase in Ala.
Nov 22 2002 // At a Dec. 4 public hearing, the Alabama Department of Insurance will consider requests by State Farm Mutual Auto Insurance Co. and State Farm Fire & Casualty raise auto insurance rates in that states. According to the...
AAI Supports State Farm in Illinois Aftermarket Parts Case
Nov 6 2002 // The Alliance of American Insurers announced that it will file an amicus brief with the Illinois Supreme Court today in support of State Farm’s appeal of a lower court judgment in the case of Avery vs. State Farm...
No Increase for State Farm in Louisiana
Oct 28 2002 // State Farm Insurance Companies received recent rate increases in Florida, but Louisiana insurance regulators said “no dice” to the company’s request to raise premiums for apartment and church insurance...
Fla. Commissioner: Get Rid of Arbitration Panel
Oct 28 2002 // Florida Insurance Commissioner Tom Gallagher had harsh words for the arbitration panel that recently granted State Farm big increases in rates for homeowners coverage. Expressing his disappointment in the panel’s...
A.M. Best Affirms Ratings, Removes State Farm’s Calif., Texas Subsidiaries From Under Review
Oct 28 2002 // A.M. Best Co. has affirmed the financial strength ratings of B+ (Very Good) for two separately rated subsidiaries of State Farm Mutual Automobile Insurance Company, State Farm General Insurance Company (both of...
