Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
Insurers Seek Higher Rates in Louisiana
Aug 26 2002 // At least eight insurance companies recently appeared before the Louisiana Insurance Rating Commission seeking rate increases on various lines, including medical malpractice, auto and property insurance, according to the...
State Farm Cos. Under Review
Aug 19 2002 // A.M. Best Co. placed the “B+” (Very Good) financial strength ratings of two separately rated subsidiaries of State Farm Mutual Automobile Insurance Company—State Farm General Insurance Company (Bloomington,...
State Farm Cos. Under Review
Aug 19 2002 // A.M. Best Co. placed the “B+” (Very Good) financial strength rating on a subsidiary of State Farm Mutual Automobile Insurance Company—State Farm General Insurance Company (Bloomington, Ill.)—under review...
Victory for Former State Farm Agents Accused of Allegedly Stealing Trade Secrets
Aug 12 2002 // A three-and-a-half year lawsuit pitting two former State Farm agents against giant conglomerate State Farm Automobile Insurance Company has finally come to an end, with the jury’s verdict ruling for the...
A.M. Best Places Ratings for State Farm’s Calif. and Texas Subsidiaries under Review
Aug 1 2002 // A.M. Best Co. has placed the financial strength ratings of B+ (Very Good) for two separately rated subsidiaries of State Farm Mutual Automobile Insurance Company, State Farm General Insurance Company (Bloomington, Ill.),...
La. Auto Rates Rising
Jul 22 2002 // Citing increasing medical and repair costs, a weak stock market, and the effects of state laws enacted in 1998, Louisiana insurance regulators anticipate a rise in auto rates in their state. The Times-Picayune reports that...
La. Auto Rates Rising
Jul 22 2002 // Citing increasing medical and repair costs, a weak stock market, and the effects of state laws enacted in 1998, Louisiana insurance regulators anticipate a rise in auto rates in their state. The Times-Picayune reports that...
State Farm Consolidating Calif. Facilities
Jul 17 2002 // State Farm’s California management has given the go-ahead for a statewide consolidation of claim and business administration offices, including the closing of the major operation centers in Westlake Village and Costa...
State Farm: No New LA. Auto Policies
Jul 8 2002 // Indicating it is seeking a 16 percent rate increase for auto policies in Louisiana, State Farm Insurance Co. has stopped writing new auto policies in that state. The company estimates that the rate increase would generate...
State Farm: No New LA. Auto Policies
Jul 8 2002 // Indicating it is seeking a 16 percent rate increase for auto policies in Louisiana, State Farm Insurance Co. has stopped writing new auto policies in that state. The company estimates that the rate increase would generate...
Minn. Commissioner Levies Charges Against State Farm
Jul 1 2002 // Minnesota Commerce Commissioner Jim Bernstein is charging State Farm Fire and Casualty Company and State Farm Mutual Automobile Insurance Company with more than 13,000 violations of Minnesota insurance law. Based on a...
State Farm Pact “Not Stabilization or Competition” Says PIANJ’s Madara
Jun 27 2002 // Professional Insurance Agents of New Jersey President David J. Madara, CPCU, AAI, took issue with certain aspects of the agreement between New Jersey’s Governor, the Department of Banking and Insurance (DOBI) and...
NJ, State Farm Agree to Delay Withdrawal for 3 Years
Jun 26 2002 // State Farm Indemnity, New Jersey’s largest auto insurer with around 735,000 policyholders, has reached agreement with the governor and the NJ Department of Banking and Insurance (DOBI) to delay its withdrawal from...
State Farm Subsidiaries Request Rate Hike in Nev.
Jun 26 2002 // The Nevada Department of Insurance announced two State Farm subsidiaries, State Farm Mutual Automobile Insurance Company and State Farm Fire & Casualty Company, recently requested proposed rate hikes of 3.7 percent...
State Farm Ceases Writing New La. Auto Policies
Jun 25 2002 // State Farm Insurance Co. announced it would stop writing new auto policies in Louisiana, and would also request a 16 percent rate increase to generate more than $150 million to offset losses. According to A.M. Best and The...
State Farm Shuns New Homeowners Policies in Kansas, Missouri
Jun 21 2002 // State Farm Insurance Company imposed a moratorium on new homeowners customers in Missouri and Kansas, expanding its ban against new residential policies to five states. According to the Kansas City Star, the company is the...
State Farm Places Moratorium on Homeowners Policies in 17 States
Jun 21 2002 // State Farm Insurance Company announced it would stop writing new homeowners insurance in 17 states in efforts to boost profitability, according to reports by the Dow Jones Newswire and the Associated Press. The move comes...
State Farm Downgraded
Jun 10 2002 // S&P removed from CreditWatch and lowered the counterparty credit and financial strength ratings on State Farm’s core operating units to “AA+” from “AAA.” Also removed from CreditWatch was...
State Farm Downgraded
Jun 10 2002 // S&P removed from CreditWatch and lowered the counterparty credit and financial strength ratings on State Farm’s core operating units to “AA+” from “AAA.” Also removed from CreditWatch was...
Watch the Skies, Weather Still Causing Trouble for Homeowners Markets
May 27 2002 // For the past year, while the Texas homeowners insurance market reeled from the effects of mold claims on premium (and still does), homeowners markets in other states have begun bracing themselves for similar nightmare...
