Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
REGULATORS WANT BITE OF ‘JUMBO CDS’
Feb 21 2005 // The State Farm Insurance Bank is in a turf war, which pits North Carolina regulators against the federal Office of Thrift Supervision to determine who has jurisdiction over State Farm’s sale of $100,000-plus...
Calif. Appeals Court Dismisses Claims of Former State Farm Agents
Feb 7 2005 // A California appellate court in San Francisco dismissed the claims of two former State Farm insurance agents in a lawsuit filed against the giant insurer over wrongful termination. The court also ordered a new trial in the...
N.C. Regulators Want Bite of State Farm’s ‘Jumbo CDs’
Feb 3 2005 // The State Farm Insurance Bank is embroiled in a turf war which pits North Carolina regulators and the federal Office of Thrift Supervision to determine who has jurisdiction over State Farm’s sale of $100,000-plus...
State Farm Cutting Auto Rates in Louisiana
Jan 23 2005 // State Farm Mutual Automobile Insurance Co., which insures about one out of every three cars in Louisiana, is cutting auto insurance rates by an average of 2.1 percent, according to the Associated Press. The cut is...
State Farm Agent Named Ind. Commissioner
Jan 21 2005 // Indiana’s new Republican Gov. Mitch Daniels has named W. Harold Calloway, a State Farm agent, as the state’s new insurance commissioner. Calloway, 58, takes over an agency with a $15 million budget and 75...
N.M., Idaho Customers to Share in $40 Million State Farm Settlement
Jan 12 2005 // Some New Mexico consumers will share in a $40 million settlement between states and State Farm Mutual Insurance Company. State Farm failed to properly title some vehicles for salvage, Attorney General Patricia Madrid...
Texas AG Wins Refunds for Residents who Unknowingly Purchased Damaged Vehicles
Jan 11 2005 // Texas Attorney General Greg Abbott on Monday signed a settlement that ensures refunds totaling up to $10 million to Texans who unknowingly purchased vehicles that were previously damaged and deemed total losses by State...
State Farm, Fla. A/G Crist Agree to Reimburse Customers Who Bought Damaged, Stolen Cars
Jan 10 2005 // Florida motorists may be eligible for refunds of as much as $20,000 under a nationwide agreement to benefit individuals who unknowingly purchased damaged or stolen cars from State Farm Mutual Insurance Company. Attorney...
Dewhurst, Jackson Lay Out Plan for Insurer Penalties
Dec 23 2004 // Texas Lt. Gov. David Dewhurst once again called on State Farm to reduce homeowner’s insurance rates recently as he laid out the second part of the Texas Legislature’s insurance reform effort, the Associated...
State Farm’s Safety Patrol Aids Stranded, Disabled Motorists on Fla. Turnpike
Dec 21 2004 // Disabled and stranded motorists along Florida’s Turnpike have just been given a two-year guarantee that help will be available from a fleet of “roadside helpers” called the State Farm Safety Patrol. State...
P/C INSURERS POSITIONED TO WEATHER HURRICANE LOSSES:
Dec 20 2004 // Even with the nearly $21 billion of hurricane-related losses expected to be reflected in the third and fourth quarter results, the nation’s property/casualty insurers are well-capitalized and safely positioned to...
Texas: The Clash of the Titans
Dec 20 2004 // In September 2003, responding to the Legislature’s passage of the insurance regulatory reform measure, Senate Bill 14, the Texas Department of Insurance mandated rate cuts for 29 of the state’s homeowners...
Looking Back on ’04: The Most Talked-About Stories in the Western Region
Dec 20 2004 // The year 2004 saw a little bit of everything across the Western Region. Workers’ comp, homeowners, med-mal, and even insurance fraud topped the list of the most talked about stories. We compiled these recaps based on...
State Farm to Reduce Tenn. Auto Rates
Dec 16 2004 // Almost a million motorists in the volunteer state will soon pay less for their car insurance. State Farm has announced they it will lower insurance rates for drivers in Tennessee by an average of 2 percent in 2005. Overall...
Texas Orders Prior Approval of Rates for State Farm
Dec 9 2004 // State Farm, the largest home insurer in Texas, must continue to get prior approval from the Texas Department of Insurance before making rate changes because the company is overcharging customers, the Associated Press...
Texas Judge Denies State Farm Injunction Request
Dec 6 2004 // A state district judge recently ruled in favor of the Texas Department of Insurance (TDI) and its efforts to recoup more than $100 million for customers of State Farm Lloyds, an amount the agency contends the company...
STATE FARM RE-ENTERS N.J.:
Dec 6 2004 // State Farm Indemnity Company and the Department of Banking and Insurance have reached an agreement allowing for the insurer’s re-entry into the New Jersey auto insurance market. Effective Jan. 1, 2005, State Farm...
Alleging Overcharges, TDI Takes Action Against State Farm, Farmers
Dec 6 2004 // In the aftermath of a Texas state district judge’s ruling that tossed out mandated homeowners rate rollbacks for State Farm Lloyds and Farmers Insurance Group, the Texas Department of Insurance (TDI) reported it is...
State Farm Lloyds in Search of Legal Ruling; Request Filed for Restraining Order, Injunction Against TDI
Dec 2 2004 // State Farm Lloyds, the Texas property insurance affiliate of State Farm Insurance Companies, has filed an application for a temporary restraining order, temporary and permanent injunction and declaratory relief against the...
TDI Takes Moves Against State Farm Lloyds, Farmers Insurance Group to Update Rates
Nov 24 2004 // The Texas Department of Insurance (TDI) is reportedly taking steps to initiate new actions against State Farm Lloyds and Farmers Insurance Group in an effort to bring those insurers’ homeowners insurance rates into...
