Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
State Farm Mobilizing Adjusters to Respond to Katrina
Aug 26 2005 // State Farm, the largest insurer of homes and automobiles in Florida and the nation, has mobilized claims adjusters to join Florida employees, agents and agents’ staff who are already assisting customers recovering...
Gallagher Wants Independent Review of State Farm’s Rate Request
Aug 19 2005 // Citing concern that insurance companies are using the 2004 hurricanes to unfairly raise rates, Florida’s Chief Financial Officer Tom Gallagher has called for an independent review of a rate increase on homeowners...
Illinois Supreme Court Reverses $1.06 Billion State Farm Auto Repair Parts Case
Aug 18 2005 // Today, the Illinois Supreme Court reversed a prior state court’s $1.06 billion judgment in a class action against State Farm Insurance over the use of so-called aftermarket auto parts for repairs. The high court...
State Farm Requests 8.6 Percent Statewide Rate Increase in Fla.
Aug 17 2005 // An 8.6 percent statewide increase and 37.9 to 39.7 percent increases in the coastal section of Miami-Dade County and inland sections of Broward County, Fla. have been requested by State Farm Insurance. The request cited...
State Farm Mutual Auto Reduces Ga. Auto Premiums 3.8 Percent
Jun 21 2005 // State Farm Mutual Automobile Insurance Company has announced it will reduce auto policy rates by an average of 3.8 percent over the next six months. State Farm, with 1.5 million policyholders, is one of Georgia’s...
New Jersey, Massachusetts Reforms Help Open Up Auto Coverage
Jun 20 2005 // Efforts to improve auto insurance markets in New Jersey and Massachusetts, two of the worst states in which to write auto coverage, have yielded several important conclusions. One of the most important is the realization...
A.M. Best Downgrades FSR for State Farm Florida Insurance Co., Removes from Under Review
Jun 15 2005 // A.M. Best Co. has downgraded the financial strength rating to B+ (Very Good) from A- (Excellent) for State Farm Florida Insurance Company (State Farm Florida) (Winter Haven, Fla.). The rating has been removed from under...
News Briefs
Jun 6 2005 // FLORIDA Fla. CFO: “Prepare Now for Hurricanes” After an un-precedented hurricane season last year and experts predicting the formation of more than 13 named Atlantic storms this season, Florida’s Chief...
Keynote: Auto Insurance Web Sites Main Consumer Source for Quotes
May 24 2005 // New competitive intelligence from Keynote Systems, The Internet Performance Authority, reported that the Web is the primary resource for auto insurance consumers with 87 percent visiting sites with the intention of...
W. Va. Approves 10 Percent Decrease in State Farm Auto Policy Rates
May 23 2005 // A State Farm Insurance request for a 10 percent decrease for private passenger automobile insurance customers has been approved by the West Virginia Insurance Commission. The request was submitted last month Gov. Joe...
STATE FARM TO WRITE HOMEOWNERS, BUSINESS POLICIES
May 23 2005 // As of May 1, State Farm Insur-ance began accepting applications from West Virginia homeowners and businesses for new insurance policies. The company is the largest property and casualty insurer in West Virginia and in the...
News Briefs
May 23 2005 // GEORGIA Licensing System Changes The Georgia Insurance Comm-ission held “Ind-ustry Day Meet-ings” across the state in May to discuss recent changes to the licensing system. In an effort to be responsive to...
La. Suit Challenges State Farm’s Conversion of Homeowner Policies
May 17 2005 // Two State Farm Insurance Co. customers have filed suit, claiming the company illegally converted the homeowner policies of hundreds of thousands of Louisiana residents in ways that effectively raised their rates and...
State Farm Trims Del. Homeowners Rates by Average of 5%
May 11 2005 // Delaware Insurance Commissioner Matt Denn announced that State Farm Insurance, the state’s largest insurer of homes and second largest insurer of automobiles, would cut its automobile and homeowners insurance rates...
W. Va. Insurers React to Passed Legislation, Five Companies Decreasing Auto Rates
May 2 2005 // Insurers in West Virginia, reacting to the legislation singed last week that eliminates third-party, bad-faith lawsuits, have begun to take the first steps toward lowering insurance rates. State Farm Insurance Friday...
State Farm Back in W.Va. Market; Will Write New Homeowners, Business Policies
Apr 26 2005 // State Farm Insurance has announced that as of May 1 it will begin accepting applications from West Virginia homeowners and businesses for new insurance policies. The company is the largest property and casualty insurer in...
CALIF. COMMISSIONER OK’S RATE REDUCTION FOR STATE FARM CUSTOMERS:
Apr 18 2005 // California Insurance Commissioner John Garamendi has approved a 4.2 percent reduction in personal auto policy rates for “loyal” State Farm customers, a savings of more than $110 million for those policyholders....
Calif. Commissioner Approves -4.2% Rate Reduction for ‘Loyal’ State Farm Auto Customers
Apr 5 2005 // Insurance Commissioner John Garamendi has approved a -4.2 percent reduction in personal auto policy rates for “loyal” State Farm customers, a savings of more than $110 million for those policyholders. The...
N.Y. Court Upholds No-Fault Regulation Letting Insurers Deny Payments to Fraudulent Medical Firms
Apr 1 2005 // The New York Court of Appeals has upheld the right of an insurance company to refuse to reimburse fraudulently incorporated medical providers for no-fault auto insurance claims even when the medical care provided is...
Weiss: Insurers Earn $28B in First Three Quarters of 2004
Feb 28 2005 // Despite a hurricane-ravaged third quarter, property/casualty insurers reported profits of $28.1 billion in the first nine months of 2004, representing a 22.4 percent increase over the $22.9 billion earned during the same...
