State Farm News
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Oregon Division of Financial Regulation Fines State Farm $200K
Apr 10 2024 // The Oregon Division of Financial Regulation issued a $200,000 fine against State Farm after the company reportedly failed to send notices over the past six years informing its insureds of their ability to request an annual...
US Dog-Related Injury Claims Hit $1.12 Billion in 2023: Triple-I, State Farm Report
Apr 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 State Farm. The number of dog bite and related injury claims was 19,062 in 2023, an...
AM Best Downgrades Ratings of State Farm General
Apr 1 2024 // Roughly a week after State Farm announced that it would nonrenew tens of thousands of homeowners and commercial apartment policies in California, AM Best has downgraded the company that offered those policies. Last week,...
Louisiana’s Temple Seeks Reform in Response to State Farm’s California Cuts
Mar 28 2024 // Louisiana Insurance Commissioner Tim Temple pointed to State Farm’s decision to non-renew policies in the California market as a warning for lawmakers to modernize Louisiana’s regulatory framework and address...
State Farm Nonrenewing 30K California Homeowners, Renters
Mar 20 2024 // State Farm General Insurance Co. said it will non-renew 30,000 California homeowners, rental dwelling, and other property insurance policies State Farm announced in May last year it had stopped accepting new policy...
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