Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
J.D. Power: Auto Insurance Satisfaction Reaches All-Time High
Jul 2 2012 // Overall customer satisfaction with auto insurance companies has reached an all-time high, according to the Westlake Village, Calif.-based J.D. Power and Associates’ 2012 U.S. Auto Insurance Study. The satisfaction...
State Farm Seeks 14.9% Jump in Florida Property Insurance Rates
Jun 28 2012 // Florida’s third largest property insurer is seeking a statewide average 14.9 percent increase in property rates as part of a plan to shore-up its fiscal condition while revamping the deductibles and discounts it...
Customer Satisfaction with Auto Insurers at New High: J.D. Powers
Jun 26 2012 // Overall customer satisfaction with auto insurance companies has reached an all-time high, according to the J.D. Power and Associates 2012 U.S. Auto Insurance Study. The satisfaction rate was driven primarily by increases...
Geico Spends 6.5% of Premiums on Advertising
Jun 26 2012 // Geico, billionaire investor Warren Buffett’s auto insurer, spent far more than property insurance peers on advertising in 2011, both on an absolute basis and as a percentage of the business the company wrote,...
State Farm to Hire 500 for Operations Center in Atlanta
Jun 18 2012 // Georgia Gov. Nathan Deal announced that Georgia’s largest writer of homeowners policies will bring 500 jobs to a new operations center in metro Atlanta. Deal made the announcement last Friday that the jobs for State...
Best Affirms State Farm Mutual, Affiliates & Subs Ratings
Jun 4 2012 // 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...
Ratings Roundup: Top Layer Re, Ardellis, BEST RE
May 22 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Bermuda-based Top Layer Reinsurance Ltd., both with stable outlooks. Best...
Texas Attorney General Fighting State Farm Non-Renewal Plans
May 21 2012 // Texas Attorney General Greg Abbott is taking issue with one of the nation’s largest homeowners insurer’s plan to non-renew thousands of policies for properties along the Gulf Coast. Abbott said his office is...
Woof! California Top Dog In Bites
May 16 2012 // California is the top dog in State Farm’s annual list of dog bite claims, and the state’s reported 527 dog bite claims and more than $20 million paid out in 2011 by the Bloomington, Ill.-based carrier...
Texas Attorney General Takes on State Farm Non-Renewal Plans
May 4 2012 // Texas Attorney General Greg Abbott is taking issue with one of the nation’s largest homeowners insurer’s plan to non-renew thousands of policies for properties along the Gulf Coast. Abbott said his office is...
Actuary Analyzes Insurance Twitter Messages, Wins Prize
Apr 11 2012 // Usually actuaries focus on insurance rates and loss reserves, not advertisements. But according to one actuary: Jake, the State Farm agent whom a jealous housewife was convinced was up to no good with her husband –...
Look Out Gecko and Flo, ‘Mayhem’ Man, QB and Professor Are Gaining On You!
Mar 29 2012 // The gecko, caveman and sales clerk Flo might want to check their retirement plans. Their brands are getting overshadowed by competition from “upstarts” like the Allstate mayhem man, State Farm’s QB Aaron...
Agents Say Some Are Gaming System, Overselling Citizens’ Policies
Mar 19 2012 // Independent agents in Florida are calling on the state-run property insurer Citizens Property Insurance Corp. to staunch the flow of policies from agents employed by direct writers. The independent agents, who represent...
State Farm Profit Took Hit in Stormy 2011
Mar 1 2012 // State Farm lost $4.5 billion on its property/casualty underwriting in 2011 – which is $1.3 billion more than it lost in 2010. The Bloomington, Illinois-based mutual insurer cited catastrophe claims as the main reason for...
State Farm to Hire 3,000
Feb 20 2012 // Illinois-based State Farm Insurance plans to hire 3,000 people across the U.S. and Canada, filling many positions left empty during the recession, and add 900 agents. Bloomington, Ill.-based State Farm said it is accepting...
State Farm Plans to Hire 3,000 Employees
Feb 6 2012 // Illinois-based State Farm Insurance said it will hire 3,000 people across the U.S. and Canada, filling many positions left empty during the recession, and add 900 agents. The news follows an announcement by Chrysler that...
Higher Homeowners Insurance Rates on the Horizon in Texas
Jan 9 2012 // Two insurers that together hold the lion’s share of the homeowners insurance market in Texas are either in the process of raising rates or have filed for increases. Insurance Commissioner Eleanor Kitzman on Dec. 1,...
Appeals Court in Texas Accepts State Farm Refunds Case
Dec 16 2011 // State Farm Insurance has asked an appeals court to throw out an order requiring the company to refund about $350 million to Texas customers. A three-judge panel of the 3rd Court of Appeals in Austin took the case under...
State Farm Gets 7.8% Homeowners Rate Hike in Louisiana
Dec 9 2011 // Louisiana has allowed its largest insurer of homes to raise its rates by an average 7.8 percent. State Farm Fire and Casualty Co. spokeswoman Molly Quirk told The Associated Press that the $32.2 million increase goes into...
State Farm Hikes Homeowner Policy Rates, Deductibles in Texas
Dec 2 2011 // A new insurance commissioner has allowed State Farm to charge higher rates and deductibles in Texas. State Farm Insurance on Dec. 1 was authorized to switch many of its 1.2 million homeowner policies to a higher...
