Appeals Court Won’t Certify Class Action on State Farm’s Diminished Value Formula September 28, 2022 By William Rabb Auto and property insurers in the last three months have settled class-action lawsuits in Southern states alleging the carriers systematically...
State Farm Agrees to Settle Katrina Claims Lawsuit with Mississippi AG September 19, 2022 Mississippi has quietly settled its lawsuit against State Farm Fire and Casualty Co. for allegedly minimizing its Hurricane Katrina payments...
State Farm Invests $1.2B in ADT; Adopts ‘Predict and Prevent’ Mindset September 7, 2022 By Susanne Sclafane State Farm and ADT, a smart home provider, announced that State Farm will make a $1.2 billion equity investment in...
Personal Auto Results Slow to Recover; GEICO, Progressive to Pass State Farm July 19, 2022 With an overall combined ratio in excess of 100 for the first time since 2017, private passenger auto joined homeowners...
Analysis: State Farm Wins Again With Better J.D. Power Scores Than GEICO July 18, 2022 By Susanne Sclafane When Warren Buffett told Berkshire Hathaway investors that State Farm continues to dominate the large auto insurance carrier landscape during...
New Jersey No-Fault Law Does Not Bar Suit Over Insurer Delay in Approving Treatment June 20, 2022 By Andrew G. Simpson An insured claiming his auto insurer’s delay in approving treatment caused his injuries to worsen is entitled to prove his...
State Farm Drops Support of LBGTQ Awareness Group After ‘Creepy Neighbor’ Campaign May 25, 2022 After an uproar from conservative groups, State Farm Insurance has dropped its support of a group that said it was...
State Farm Still Wins: Buffett Talks Auto Insurance at Annual Event May 3, 2022 By Susanne Sclafane There wasn’t a lot of talk about auto insurance at this year’s annual meeting of Berkshire Hathaway, but when the...
Dog-Related Claims Cost U.S. Home Insurers Nearly $900M in 2021 April 14, 2022 Dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claim dollars paid out in...
Consumer Group Demands Probe After Reports of Alleged Bias at State Farm March 29, 2022 By Jim Sams A national consumer rights group on Thursday called on state insurance commissioners to investigate racial bias in claims handling after...