Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
Wildfire Victims Question Industry’s Cost Calculator
Jul 19 2004 // Don Robinson says his Residence Mutual insurance policy pegged the cost of replacing his San Diego home at $233,000. After Southern California’s wildfires destroyed the 40-year-old biologist’s four bedroom...
Wildfire Victims Question Industry’s Cost Calculator
Jul 12 2004 // Don Robinson says his Residence Mutual insurance policy pegged the cost of replacing his San Diego home at $233,000. After Southern California’s wildfires destroyed the 40-year-old biologist’s four-bedroom...
Texas Lt. Governor Says Rates Should Fall Faster
Jun 17 2004 // Texas Lt. Governor David Dewhurst has reportedly taken State Farm and Farmers to task for not lowering their homeowners rates in the state at a faster pace and contesting the decreases in court. A report in the Houston...
W. Va. Lawmakers Study Home Insurance Costs
Jun 16 2004 // At least one insurance company tends to charge West Virginians more to cover their homes than residents in surrounding states, even when its losses are greater in the other states, according to a presentation given to...
State Farm Drops Auto Insurance Rates in New Mexico
May 10 2004 // State Farm Insurance, New Mexico’s largest auto insurer, is lowering customer rates by an average of 5 percent statewide thanks to fewer claims. Illinois-based State Farm, which handles more than 282,400 insurance...
Utah Supreme Court lowers $145 Million in Punitive Damages to $9 Million in State Farm Lawsuit
Apr 26 2004 // The Utah Supreme Court on Friday lowered by $136 million the amount of punitive damages State Farm Insurance should pay in a decades-old lawsuit alleging it underpaid insurance claims, cheated customers and destroyed...
Best Affirms Ratings of State Farm Group
Apr 22 2004 // A.M. Best Co. announced that it has affirmed the financial strength ratings of the property/casualty and life affiliates of the State Farm Group, and has revised the negative rating outlooks assigned to certain...
State Farm Condo Insurance Rates to Increase in Nev.
Apr 13 2004 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved the request of State Farm Fire and Casualty Company for an overall statewide average increase of 28.8 percent for rental condominium unitowners insurance,...
Best Affirms Top Layer Re ‘A+’ Rating
Apr 5 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Top Layer Reinsurance Ltd. (Bermuda) with a stable outlook. “The rating reflects the substantial amount of...
S&P Reports Top Layer Reinsurance Ltd. ‘AA’ Ratings Affirmed; Outlook Stable
Mar 17 2004 // Standard & Poor’s has affirmed its ‘AA’ counterparty and financial strength ratings on Top Layer Reinsurance Ltd. The outlook is stable. Top Layer Re is a 50%/50% joint venture between State Farm...
N.J. Auto Reforms Continue Drive Forward
Mar 3 2004 // New Jersey Banking and Insurance Commissioner Holly Bakke announced this week that the competitive auto insurance marketplace that is emerging in New Jersey reportedly as a result of Governor McGreevey’s reforms is...
State Farm’s Monroe Center to Close After All
Feb 5 2004 // Despite the new governor’s efforts, State Farm Insurance will apparently go ahead with plans to close its operations center in Monroe, La. According to Associated Press reports, the company will close the facility by...
NYSID Publishes Annual Ranking of Automobile Insurance Complaints
Dec 31 2003 // The New York State Insurance Department has published its annual compilation of the state’s 50 largest automobile insurance companies or groups of companies based on the record of complaints in 2002 The NYSID...
N.Y. Department Notes 5% Overall Auto Rate Reduction by State Farm Mutual
Nov 13 2003 // New York Superintendent of Insurance Gregory Serio announced that the Insurance Department has approved a State Farm Mutual Insurance Company overall rate reduction of 5% on their private passenger automobile rates which...
STATE FARM AGREES TO SETTLEMENT OF $250,000 FOR ALLEGED VIOLATIONS:
Oct 20 2003 // The California Depart-ment of Insurance (CDI) reached a settlement agreement requiring State Farm Mutual Automobile Insurance Company (State Farm) to pay $250,000 for reportedly selling long-term care (LTC) insurance...
New CPCUs Welcomed by Central Texas CPCU Society
Sep 26 2003 // The Central Texas Chapter of the CPCU Society (Chartered Property Casualty Underwriters) congratulates the following property and casualty insurance professionals on obtaining the CPCU designation: James Beene, Texas...
State Farm Agrees to Settlement of $250,000 for Alleged Violations of I.C.
Sep 22 2003 // The California Department of Insurance (CDI) reached a settlement agreement requiring State Farm Mutual Automobile Insurance Company (State Farm) to pay $250,000 for selling long-term care (LTC) insurance policies that...
TDI Stands by Rate Cuts for State Farm, Farmers
Sep 16 2003 // Ruling on appeals filed by State Farm Lloyds Insurance and Farmers Insurance Companies regarding ordered homeowners rate reductions, Texas Insurance Commissioner Jose Montemayor upheld the rate cuts ordered by the Texas...
Florida OIR Releases Final Order on State Farm Mold Filing
Sep 8 2003 // The Florida Office of Insurance Regulation (OIR) issued its final order regarding three homeowner policy endorsements that sought to exclude mold damage resulting from a covered peril. State Farm Florida Insurance Company...
N.J. Auto Reforms May Signal Regulatory Climate Change Nationwide
Jul 7 2003 // When Governor James E. McGreevey signed The New Jersey Automobile Insurance Competition and Choice Act (S-63/A-2625), he launched another effort aimed at solving the state’s automobile insurance crisis. This time,...
