Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
State Farm to Sell Renters Insurance in Mississippi, But Not Homeowners
Jan 30 2009 // State Farm says it will resume selling renters insurance in parts of Mississippi away from the Gulf Coast. Company spokesman David Majors said that State Farm will still not selling new homeowners policies anywhere in the...
Ratings Recap II: Chaucer, MSIG, Congregational, Top Layer, Asia Capital
Jan 30 2009 // Standard & Poor’s Ratings Services has issued a bulletin indicating that “its ‘3’ Lloyd’s Syndicate Assessment (LSA) on Chaucer – Syndicate 1084 is not affected by the announcement...
State Farm Staying in Alabama
Jan 30 2009 // State Farm’s withdrawal from Florida’s property insurance market hasn’t changed its Alabama coastal coverage. State Farm spokesman David Majors said the company will resume offering wind coverage in small...
Florida Subpoenas State Farm Policyholder Data for Withdrawal Plan
Jan 30 2009 // Florida Insurance Commissioner Kevin McCarty has issued a subpoena to State Farm Florida Insurance Co. requesting detailed information about the company’s Florida property insurance policyholders. The request comes...
State Farm Pulling Out of Florida Property Insurance Market
Jan 27 2009 // Florida is losing its largest property insurance company. State Farm Florida Insurance announced today it is beginning the process that will allow it to non-renew policies and halt all sales of homeowners or other...
Mississippi Scruggs-Katrina Suits Quietly Settled
Jan 25 2009 // Dozens of Hurricane Katrina-related lawsuits filed by Richard “Dickie” Scruggs for policyholders against State Farm Fire and Casualty Co. have been settled. Terms of the settlements are confidential. Officials...
Florida Officially Rejects State Farm Rate Hike
Jan 25 2009 // Florida Insurance Commissioner Kevin McCarty has affirmed the ruling of an administrative law judge and officially disapproved a State Farm Insurance homeowners rate filing that has been in dispute since last July. McCarty...
State Farm Severs Ties with Indian Firm Caught in Scandal
Jan 20 2009 // Bloomington, Illinois-based State Farm Insurance Cos. has cut ties to an Indian company mired in a $1 billion fraud scandal, according to a published report. State Farm terminated a contract with longtime vendor Satyam...
Mississippi Katrina Suits Filed by Scruggs Against State Farm Settled
Jan 15 2009 // Dozens of Hurricane Katrina-related lawsuits filed by Richard “Dickie” Scruggs for policyholders against State Farm Fire and Casualty Co. have been settled. Terms of the settlements are confidential. Officials...
Florida Officially Rejects State Farm Homeowners Insurance Hike
Jan 13 2009 // Florida Insurance Commissioner Kevin McCarty has affirmed the ruling of an administrative law judge and officially disapproved a State Farm Insurance homeowners rate filing that has been in dispute since last July. McCarty...
Insurance Price-Fixing Lawsuit Dismissed in Louisiana
Jan 11 2009 // A federal judge in New Orleans in late December 2008 dismissed an antitrust lawsuit Louisiana’s former attorney general filed against some of the nation’s largest insurance companies after hurricanes Katrina...
New Orleans Judge Dismisses Insurance Price-Fixing Lawsuit
Dec 19 2008 // A federal judge in New Orleans has dismissed an antitrust lawsuit Louisiana’s former attorney general filed against some of the nation’s largest insurance companies after hurricanes Katrina and Rita. The suit,...
State Farm Loses Second Bid for 47% Rate Hike in Florida
Dec 15 2008 // An administrative law judge in Florida on Friday rejected a 47.1 percent average rate increase sought by State Farm Florida, the state’s largest privately owned property insurer. The Florida-only affiliate of...
State Farm, Farmers To Increase Homeowners Insurance Rates
Nov 24 2008 // California Insurance Commissioner Steve Poizner has approved homeowners insurance rate increases for State Farm and Farmers, increasing premiums by a combined $115 million. State Farm customers will soon face an average...
Successive Hurricanes: Potential Windfall for Insureds?
Nov 24 2008 // The 2008 hurricane season came very close to presenting, on a large scale, the potential quandary caused by successive losses. On Sept.1, 2008, Hurricane Gustav came ashore and caused substantial damage from the Louisiana...
Declarations
Nov 16 2008 // The Blame Game “It stretches both credibility and past experience with bridge structural failure to find causation through a single factor.” —Minnesota State Rep. Jim Oberstar on Oct. 26 criticized the...
Mississippi Katrina Report: No Fraud by State Farm
Nov 16 2008 // State Farm Fire & Casualty Cos. made questionable decisions in handling Hurricane Katrina claims, but a nearly two-year study found no pattern of fraud in Mississippi. The report by the Mississippi Insurance...
Successive Hurricanes: Potential Windfall for Insureds?
Nov 16 2008 // The 2008 hurricane season came very close to presenting, on a large scale, the potential quandary caused by successive losses. On Sept.1, 2008, Hurricane Gustav came ashore and caused substantial damage from the Louisiana...
Neb. State Treasurer Announces Change In State Farm College Plan
Nov 4 2008 // Nebraska State Treasurer Shane Osborn announced that effective Nov. 1, 2008, OFI Private Investments (OFIPI), a subsidiary of OppenheimerFunds Inc., will become the new investment manager and service provider for the State...
Mississippi Katrina Report: No Insurer Fraud Pattern
Nov 3 2008 // State Farm Fire & Casualty Cos. made questionable decisions in handling Hurricane Katrina claims, but a nearly two-year study found no pattern of fraud in Mississippi, according to a state agency report released Oct....
