Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
Best Affirms RenaissanceRe; Top Layer Re Ratings; Outlooks Stable
Jun 13 2013 // RenRe and Affiliates A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Renaissance Reinsurance Ltd. (RenRe) and...
Best Affirms State Farm Companies, Affiliates and Subs Ratings
May 31 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of State Farm Mutual Automobile Insurance Company (SFMAIC) and its...
State Farm Appeals Katrina Fraud Ruling in Mississippi
May 20 2013 // State Farm Fire and Casualty Co. is asking a judge to void a jury’s finding that the company defrauded the government in a case involving a policyholder claim after Hurricane Katrina. The verdict came in April in a...
On a Leash: Dog Bite Insurance Claim Trends
May 15 2013 // Dog bites accounted for more than one-third of all homeowners insurance liability claim dollars paid out in 2012, costing more than $489 million, according to the industry’s Insurance Information Institute (III) and...
State Farm Appeals Katrina Fraud Ruling in Mississippi
May 13 2013 // State Farm Fire and Casualty Co. is asking a judge to void a jury’s finding that the company defrauded the government involving a policyholder claim after Hurricane Katrina. Motions filed in U.S. District Court in...
Top 10 States for Hail Claims: State Farm
May 6 2013 // Damage caused by wind and hail cost State Farm Insurance and its policyholders more than $3.9 billion in 2012, the company said. According to State Farm, the top 10 states for wind/hail losses are: Texas — 47,000...
2 Judges Consider State Farm Rates in Texas
Apr 26 2013 // The state’s consumer advocate has challenged State Farm Insurance Co.’s 20 percent rate hike for Texas homeowners as being too high. Public Insurance Counsel Deeia Beck on April 24 urged two administrative law...
State Farm: 4,400 Wind-Hail Damage Claims in West Virginia in 2012
Apr 22 2013 // State Farm says the most common homeowner insurance claims in West Virginia are from wind and hail damage. The insurance company says there were nearly 4,400 such claims in the state last year. State Farm says the average...
Mississippi Jury: State Farm Defrauded Flood Program
Apr 22 2013 // A federal jury in Mississippi recently found that State Farm Fire and Casualty Co. avoided covering a policyholder’s wind losses by blaming the damage on storm surge, which is covered by the federal flood...
Top 10 States for Hail Claims: State Farm
Apr 17 2013 // Damage caused by wind and hail cost State Farm and its policyholders more than $3.9 billion in 2012. According to State Farm, the states with the most wind/hail losses include: Texas—47,000 claims Illinois—41,000...
Jury Finds State Farm Defrauded Flood Insurance Program
Apr 10 2013 // A federal jury in Mississippi has found that State Farm Fire and Casualty Co. avoided covering a policyholder’s wind losses by blaming the damage on storm surge, which is covered by federal flood insurance. The...
Analysis Highlights Sandy’s Impact on Underwriting Results
Mar 25 2013 // Financial information firm SNL Financial’s preliminary analysis of more than 2,600 individual P/C filer’s 2012 statutory data illustrates how big of an impact Superstorm Sandy had on the filers’...
SNL Analysis Highlights Sandy’s Impact on P/C Underwriting Results
Mar 14 2013 // Financial information firm SNL Financial’s preliminary analysis of more than 2,600 individual property/casualty filer’s statutory data illustrates how big of an impact Superstorm Sandy had on the filers’...
State Farm: No Plans to Move Illinois Headquarters
Feb 25 2013 // State Farm Insurance Co. says it isn’t moving its headquarters from Bloomington, despite recent media reports that the Illinois-based company is adding major office space in Dallas, Atlanta and Phoenix. News reports...
California Commissioner Fingers Insurers for Iran Investments
Feb 25 2013 // California Insurance Commissioner Dave Jones in mid-February singled out eight insurers licensed to do business in the state that continue to have investments tied to Iran’s energy, military and nuclear...
State Farm Plans to Expand Phoenix Metro Area
Feb 21 2013 // The State Farm insurance company is planning to grow its Arizona operations in the Phoenix metropolitan area. A State Farm spokesman confirmed Tuesday that the company will boost its established operations in metro Phoenix...
California Commissioner Fingers Insurers for Iran Investments
Feb 13 2013 // California Insurance Commissioner Dave Jones on Wednesday singled out eight insurers licensed to do business in the state that continue to have investments tied to Iran’s energy, military and nuclear sectors. During...
California Commissioner: $160M in Homeowner’s Rate Reductions
Feb 7 2013 // An average of a 12.6 percent insurance rate reductions is in store for California homeowners insured with State Farm General Insurance Co., according to an announcement from California Insurance Commissioner Dave Jones on...
State Farm Homeownes Rate Increase Denied in Louisiana
Jan 28 2013 // Louisiana Insurance Commissioner Jim Donelon has declined to approve a recent homeowners rate request filed by State Farm Fire and Casualty Co. (State Farm). State Farm submitted the request for the +16.6 percent rate...
CFA Report: Largest Auto Insurers Often Charge Higher Premiums to Safe Drivers
Jan 28 2013 // In its latest report on auto insurance premiums charged by the largest auto insurers, the Consumer Federation of America said these insurers frequently charge higher premiums to safe drivers than to those who recently...
