State Farm 2024 Underwriting Losses Shrink on Auto Results March 3, 2025 By Susanne Sclafane After reporting underwriting losses of $13 billion in 2022 and $14 billion in 2023, State Farm recorded another underwriting loss...
Failure to Produce Proof of Purchase Dooms Insurer’s Product Liability Case December 6, 2024 A federal court in Pennsylvania recently affirmed that plaintiffs seeking to hold a seller or distributor liable for a faulty...
State Farm Settles Immigration Discrimination Case with Justice Department October 29, 2024 The Justice Department announced that it secured a settlement agreement with State Farm resolving the department’s determination that one of...
S&P Reveals Top 50 Largest P/C Insurers October 25, 2024 As the third-fastest growing company on a list of the world’s top 50 largest insurers, State Farm Mutual Automobile Insurance...
State Farm Campaign Aims to Provide Smoke Alarms to 1,300+ Texas Homes October 22, 2024 State Farm will provide smoke alarms to more than 1,300 Texas homes during the Out to Alarm Texas 2024 campaign,...
State Farm Posts Worst HO Loss Ratio Since 2011; Peers Recover: S&P September 26, 2024 State Farm was the only one of 10 major players in the homeowners insurance market reporting a worse second-quarter loss...
State Farm: Catalytic Converter Thefts Drop 74% September 12, 2024 For the second year in a row, State Farm auto claims data has revealed a significant drop in catalytic converter...
How California’s Homeowners Insurance Crisis Is Affecting Brokers July 23, 2024 By Don Jergler A growing homeowners insurance crisis for Californians is straining brokers who must work harder to get increasingly expensive and more...
Allstate, State Farm Sued Over $4 Billion Maui Fire Settlement July 22, 2024 By Jef Feeley A half-dozen Maui wildfire victims sued a group of insurers, including State Farm and Allstate, accusing them of throwing a...
State Farm Seeking Large Rate Increases in Wildfire-Prone California July 3, 2024 By Don Jergler and Chad Hemenway State Farm has applied for large rate increases in California, a year after the carrier got rate approvals of 7%...