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%...
GEICO Tops Progressive With Higher J.D. Power Scores June 26, 2024 By Susanne Sclafane Although Berkshire Hathaway’s Warren Buffett and Ajit Jain told investors last month that GEICO is playing catch-up with Progressive to...
Patents for Sale? State Farm Reveals Website of Inventions May 16, 2024 State Farm announced that it has launched a new website to showcase some of its patented technology, and making it...
Oregon Division of Financial Regulation Fines State Farm $200K April 10, 2024 The Oregon Division of Financial Regulation issued a $200,000 fine against State Farm after the company reportedly failed to send...
US Dog-Related Injury Claims Hit $1.12 Billion in 2023: Triple-I, State Farm Report April 9, 2024 US insurers paid out $1.12 billion in dog-related injury claims in 2023 according to the Insurance Information Institute (Triple-I) and...
AM Best Downgrades Ratings of State Farm General April 1, 2024 Roughly a week after State Farm announced that it would nonrenew tens of thousands of homeowners and commercial apartment policies...