Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
STATE FARM HOMEOWNER RATES INCREASE IN NEV:
Jun 23 2003 // Nevada Insurance Commissioner Alice Molasky-Arman has approved State Farm Fire and Casualty Company’s request for an overall statewide average increase of 5.2 percent, or $2.5 million. This is part of a total...
S&P Affirms State Farm Group Members Rtgs; Outlook Stable
Jun 19 2003 // Standard & Poor’s has affirmed its ‘AA’ counterparty credit and financial strength ratings on State Farm Mutual Automobile Insurance Co. (SFMA) and five other interactively rated members of the State...
State Farm Resumes Writing New Policies in Ark.
Jun 17 2003 // Arkansas Insurance Commissioner Mike Pickens announced that State Farm Fire and Casualty Insurance Company would immediately resume writing new homeowner’s policies in the State of Arkansas. The company returns to...
State Farm Homeowner Rates Increase in Nev.
Jun 2 2003 // State Insurance Commissioner Alice A. Molasky-Arman has approved State Farm Fire and Casualty Company’s request for an overall statewide average increase of 5.2 percent, or $2.5 million. This is part of a total...
STATE FARM RATE INCREASES IN LA.
May 5 2003 // State Farm recently won a 12.2 percent average rate increase for homeowners policies in Louisiana that goes into effect June 15. At that time around 263,000 Louisiana homeowners will face an average increase of $100....
State Farm Gets Rate Increases in Louisiana
Apr 21 2003 // Beginning June 15, State Farm homeowner policyholders in Louisiana will face a 12.2 percent rate increase averaging about $100 more per year. According to the New Orleans Times Picayune, the Louisiana Insurance Rating...
N.Y. Man Arrested for Fraudulently Reporting Auto Theft to Further Scheme
Apr 18 2003 // New York Superintendent of Insurance Gregory Serio announced the arrest of Ricky DeSantis of Rochester, who was charged with insurance fraud, attempted grand larceny and falsifying business records. It is alleged that on...
State Farm Approved to Use Emergency Adjusters in Okla.
Apr 15 2003 // Oklahoma Insurance Commissioner Carroll Fisher approved an application by State Farm Insurance to use emergency adjusters to expedite claims settlements following weekend storms that caused wind and hail damage across his...
Supreme Court Sides With State Farm, Insurance Industry
Apr 7 2003 // A jury award that would have forced State Farm Insurance Cos. to pay a Utah man $145 million in punitive damages has been overturned by the U.S. Supreme Court. Insurance trade groups said the 6-3 decision was a win not...
Jurors Speak Out in State Farm vs. Pyorre and Wier Case
Mar 10 2003 // Mendocino County Superior Court Judge Richard Henderson recently overturned a jury’s $6 million award to former State Farm agents Rich Pyorre and John Wier, of Fort Bragg and Crescent City, Calif., respectively, in a...
Arrests for Insurance Fraud and Grand Theft
Mar 10 2003 // Two men were arrested and charged with felony insurance fraud and grand theft after being investigated by the Special Investigation Unit within State Farm Insurance and the California Department of Insurance (CDI) Fraud...
A.M. Best Lowers Rating of Top Layer Reinsurance Ltd.
Mar 4 2003 // A.M. Best Co. has lowered the financial strength rating to A+ (Superior) from A++ (Superior) of Bermuda-based Top Layer Reinsurance Ltd. and maintained a stable outlook on the company. The lowering of this rating is a...
Exclusive Agents Feel the Squeeze
Feb 10 2003 // The times they are a’changin’.” Bob Dylan’s 60’s refrain could be the theme song for a new spirit moving through the ranks of the insurance industry’s exclusive (captive) agents. The...
U.S. Supreme Court to Review Campbell Decision
Feb 10 2003 // In December 2002 the U.S. Supreme Court heard arguments in the case of Campbell vs. State Farm. Four of the justices voted to hear the case. They will render their decision by the end of the current term in June, and a lot...
Exclusive Agents Feel the Squeeze
Feb 10 2003 // The times they are a’changin’.” Bob Dylan’s 60’s refrain could be the theme song for a new spirit moving through the ranks of the insurance industry’s exclusive (captive) agents. The...
State Farm to Issue Modified Mold Mailer in Louisiana
Jan 22 2003 // Acting Louisiana Commissioner of Insurance Robert Wooley announced that State Farm will issue new information to Louisiana policyholders clarifying the company’s prior notice on mold and fungus claims. Over the past...
Calif. Judge Overturns State Farm Trade Secrets Ruling
Jan 20 2003 // A Mendocino Country Superior Court judge has overruled the jury verdict in the case of two former State Farm agents vs. State Farm Mutual Automobile Insurance Company (IJ West, Sept. 2, 2002). Richard Pyorre and John Wier,...
PIFC Elects 2003 Board Chairman and Officers
Jan 13 2003 // Dan Dunmoyer, president of the Personal Insurance Federation of California (PIFC), announced that Daniel E. Kinney, California vice president-operations for State Farm Insurance Companies, will continue serving as the...
Body Shop Owner & Accomplice Arrested for Fraud, Grand Theft
Jan 6 2003 // Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division announced the arrest of Mike I. Masarweh, 36, owner of All Pro Mechanicx, a San Francisco auto repair...
Mississippi Grants State Farm Homeowners Increase
Jan 6 2003 // Mississippi Insurance Commissioner George Dale announced that State Farm Fire and Casualty Co. was granted modified rate hikes for homeowners insurance consisting of a 19.9 percent increase statewide, and a 25 percent...
