June 5, 2019
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 — …
April 9, 2019
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 …
March 19, 2019
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 …
February 19, 2019
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 …
January 16, 2019
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 …
December 3, 2018
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 …
November 29, 2018
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 …
September 13, 2018
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 …
August 31, 2018
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 …
April 2, 2018
State Farm recently started a spring storm campaign to educate consumers on hail damage. The insurer collected its homeowners’ claims data for hail damage based on total paid losses for 2017. That number totaled more than $3 billion nationwide. Using …