Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
State Farm Wins Dismissal of Class Action Over Xactimate Software
Apr 21 2025 // A federal judge has dismissed a proposed class action filed on behalf of Pennsylvania homeowners who believe that State Farm undervalued their property damage claims in its use of the Xactimate software that is popular...
State Farm’s California Emergency Rate Request Dropped to 17%
Apr 9 2025 // Lawyers for State Farm General, the California Department of Insurance and Consumer Watchdog presented opening arguments in a hearing to determine the fate of State Farm’s request for an emergency homeowners rate...
State Farm Has Paid Out $2.5 Billion for LA Wildfires
Mar 28 2025 // State Farm has reported paying out $2.5 billion for the Los Angeles wildfires in January, more than double what the carrier reported paying out weeks earlier. “As of March 28, we’ve received more than 12,300...
State Farm Insurance Agents Can Now Offer Personal Loans
Mar 27 2025 // In the latest expansion of the alliance between State Farm and U.S. Bank, State Farm customers can apply for U.S. Bank personal loans for up to $50,000 working directly with their insurance agent. The new offering joins...
State Farm Wins Dismissal of Homeowners’ Class Action Over Use of Xactimate Software
Mar 27 2025 // A federal judge has dismissed a proposed class action filed on behalf of Pennsylvania homeowners who believe that State Farm undervalued their property damage claims in its use of the Xactimate software that is popular...
California Insurance Commissioner Provisionally OKs State Farm’s 22% Rate Request
Mar 14 2025 // California Insurance Commissioner Ricardo Lara provisionally approved State Farm’s request for a 22% interim homeowners insurance rate hike, the California Department of Insurance announced on Friday. The approval...
State Farm, Consumer Group Battle Ahead of Calif. Insurance Commissioner Decision
Mar 13 2025 // Ahead of a decision from California’s insurance commissioner on a State Farm General request for emergency rate increases, company executives and representatives of a consumer group pled their opposing cases in...
State Farm 2024 Underwriting Losses Shrink on Auto Results
Mar 3 2025 // After reporting underwriting losses of $13 billion in 2022 and $14 billion in 2023, State Farm recorded another underwriting loss for 2024—but narrowed it thanks to its auto insurance results. State Farm reported a 2024...
S&P Puts State Farm General on CreditWatch
Feb 26 2025 // Potential downgrades of State Farm’s California homeowners insurer came closer to reality yesterday when S&P Global Ratings put the “AA” financial strength and issuer credit ratings of State Farm...
California Insurance Commissioner Rejects State Farm’s 22% Rate Request
Feb 14 2025 // California Insurance Commissioner Ricardo Lara did not approve an emergency, interim 22% rate request from State Farm, instead calling a meeting with the carrier to get some answers about the carrier’s financial...
State Farm Seeking Interim 22% Rate Hike for Homeowners in Wake of LA Wildfires
Feb 3 2025 // State Farm General said on Monday it is asking the California Department of Insurance to immediately approve interim rate increases, including 22% average for homeowners. The carrier, the state’s top homeowners...
State Farm Settles Immigration Discrimination Case with Justice Department
Oct 29 2024 // The Justice Department announced that it secured a settlement agreement with State Farm resolving the department’s determination that one of State Farm’s corporate offices in Richardson, Texas, violated the...
State Farm Campaign Aims to Provide Smoke Alarms to 1,300+ Texas Homes
Oct 22 2024 // State Farm will provide smoke alarms to more than 1,300 Texas homes during the Out to Alarm Texas 2024 campaign, the Insurance Council of Texas shared. The initiative was created in 2005 as a way mitigate the loss of life...
State Farm Posts Worst HO Loss Ratio Since 2011; Peers Recover: S&P
Sep 26 2024 // State Farm was the only one of 10 major players in the homeowners insurance market reporting a worse second-quarter loss ratio for the line than it did in 2023, according to a new analysis. The outlier result came even as...
State Farm: Catalytic Converter Thefts Drop 74%
Sep 12 2024 // For the second year in a row, State Farm auto claims data has revealed a significant drop in catalytic converter theft claims. There was a 74 % drop for the first half of 2024 compared to the same period in 2023. There...
Lyft is a Motor Carrier and State Farm Can Be Sued Directly, Georgia Court Says
Aug 28 2024 // Georgia lawmakers this year put an end to direct-action lawsuits against trucking companies’ insurers, but that did not come soon enough to bar litigation brought by people involved in accidents with ride-sharing...
Allstate, State Farm Sued Over $4 Billion Maui Fire Settlement
Jul 22 2024 // A half-dozen Maui wildfire victims sued a group of insurers, including State Farm and Allstate, accusing them of throwing a wrench into a tentative $4 billion deal to settle their claims. The lawsuit filed Friday in state...
Woman Used Photos from Another Person in State Farm Claim, NCDOI Says
Jul 11 2024 // North Carolina authorities have charged one woman and are on the lookout for another in connection with a scheme to defraud a State Farm insurance company of more than $195,000. India Ayesha Wilkerson, 25, of Greensboro,...
State Farm Seeking Large Rate Increases in Wildfire-Prone California
Jul 3 2024 // State Farm has applied for large rate increases in California, a year after the carrier got rate approvals of 7% and 20%—adding fuel to a burning homeowners crisis in a state that’s seen an increasing number of...
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 available for licensing, purchase or collaboration opportunities. “State Farm is more than just an...
