State farm News

State Farm Lowering Home Insurance Rates in Kansas

State Farm said it is reducing its Kansas homeowners insurance rates by an average of 2.2 percent. The total statewide expected savings impact for State Farm customers by this rate decrease is approximately $5.1 million. The rate decrease is effective …

Auto, Homeowner Claims from Severe Midwest Weather Add Up for State Farm

State Farm said last week it had received over 6,000 homeowner claims and more than 5,000 auto claims related to severe weather that pummeled the Midwest on May 27 and 28. The company reported around 6,110 total homeowner claims — …

Report Ranks California Top of Nation’s in Dog-Related Injury Claims

A report from carrier State Farm shows it paid $123 million dollars for 3,280 dog bite and injury claims, last year, a decrease of 9 percent compared with the number of dog bite claims in 2017 and a decrease of …

State Farm: Illinois and Missouri Ranked 3rd and 5th for Hail Damage in 2018

A new report from State Farm says that Illinois and Missouri were among the top states in the nation for hail damage in 2018, according to a new report from State Farm. Illinois ranks third with $330 million in paid …

State Farm’s Ohio Auto Insurance Customers to See Rate Cuts

State Farm Mutual Automobile Insurance Co. announced it is cutting its rates in Ohio for the second year in a row. The overall personal auto rate in the state is dropping by 3.7 percent, effective Feb. 18. The total state-wide …

Big 3 Drive Personal Auto Insurance Recovery; Signs of Rate Hike Fatigue Ahead

Steady improvement for U.S. personal auto insurance companies has culminated in the sector’s best underwriting performance in 10 years, according to Fitch Ratings in a report. The market improvement was driven by the three biggest auto insurers. The U.S. personal …

Morgan Stanley: State Farm, Allstate Largest Insurers Exposed to Alaska Quake

State Farm, Allstate and USAA have the lion’s share of exposure from the magnitude 7.0 earthquake that struck Alaska on Nov. 30, according to a Morgan Stanley Research brief put out on Monday. The epicenter was roughly 7 miles north …

Florida Principal Arrested in $16K Hurricane Irma Insurance Fraud Attempt

An elementary school principal in Jacksonville, Fla., has been arrested in an alleged attempt to commit more than $16,000 in insurance fraud related to Hurricane Irma, according to a statement from Florida CFO Jimmy Patronis, who leads the state’s Department …

Virginia Insurers ‘Actively Preparing’ for Florence; State’s Top 10 Home Insurers

The Virginia Bureau of Insurance says it is “confident that insurers are actively preparing for this storm” as the potential impact of Hurricane Florence is anticipated in the state. “The Bureau’s focus is first – to encourage everyone to prepare …

RICO Case Against State Farm Set for Trial in Illinois Federal Court

A class action lawsuit against insurance giant, State Farm, alleging the company recruited a judge to run for an opening on the Illinois Supreme Court and funded, without disclosing it, his 2004 election campaign is set to go to trial …