State Farm News

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Appeals Court Won’t Certify Class Action on State Farm’s Diminished Value Formula

Sep 28 2022 // Auto and property insurers in the last three months have settled class-action lawsuits in Southern states alleging the carriers systematically underpaid claims. A federal appeals court in Georgia has decided a similar...

State Farm Agrees to Settle Katrina Claims Lawsuit with Mississippi AG

Sep 19 2022 // Mississippi has quietly settled its lawsuit against State Farm Fire and Casualty Co. for allegedly minimizing its Hurricane Katrina payments to policyholders, leaving the state to compensate homeowners. The settlement says...

State Farm Invests $1.2B in ADT; Adopts ‘Predict and Prevent’ Mindset

Sep 7 2022 // State Farm and ADT, a smart home provider, announced that State Farm will make a $1.2 billion equity investment in ADT, a move that will give the nation’s largest insurer a 15% ownership stake in ADT. The investment...

State Farm to Pay $100 Million to Federal Government for Hurricane Katrina Claims

Aug 25 2022 // State Farm Fire and Casualty Co. and two former claims-adjuster sisters, who more than 16 years ago filed a lawsuit claiming the insurer committed fraud against the government’s National Flood Insurance Program...

State Farm Sues Amazon to Recover New York Homeowner Claim

Aug 23 2022 // State Farm Fire & Casualty is trying to get Amazon to reimburse it for a payment it made to cover damages to the home of one of its New York insureds. State Farm and its insured claim that the damage was caused by a...

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