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...
Louisiana’s Temple Seeks Reform in Response to State Farm’s California Cuts March 28, 2024 By Ezra Amacher Louisiana Insurance Commissioner Tim Temple pointed to State Farm’s decision to non-renew policies in the California market as a warning...
State Farm Announces New CEO; Farney Succeeding Tipsord June 1 March 15, 2024 The State Farm Mutual board of directors has selected President Jon Farney as the company’s next chief executive officer. Farney...
State Farm Sets Another Record With $14B Underwriting Loss in 2023 March 1, 2024 A year after recording the largest underwriting loss in the company’s 100-year history, State Farm eclipsed it in 2023. The...
State Farm Sues Norfolk Southern Over Ohio Train Derailment Damages February 26, 2024 By Ezra Amacher State Farm Insurance brought forth a subrogation lawsuit last week against Norfolk Southern over damages to a pair of East...