Allstate Corp. is among insurers retreating from the Long Island, New York, homeowners market after superstorm Sandy and should be compelled to offer coverage there, New York Senator Charles Schumer said. Liberty Mutual Holding Co. and Bloomington, Illinois-based State Farm …
Drivers in Alabama insured through State Farm will be paying slightly less for coverage beginning next month. State Farm Mutual Automobile Insurance Co. announced it would reduce its Alabama auto insurance rates by a statewide average two percent. The new …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of State Farm General Insurance Company, and has revised the outlook for both ratings to …
