Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
State Farm Begins Exit From Banking Business Via U.S. Bank Strategic Alliance
Mar 10 2020 // State Farm is getting out of the banking business. The property/casualty insurer said it has formed a strategic alliance with U.S. Bank, allowing it to assume State Farm Bank’s existing deposit and credit card...
Wildfire Crisis is Roiling California’s Insurance Market
Nov 27 2019 // Lauris Bye, a homebuilding industry veteran who moved to Southern California’s wildfire-prone hills decades ago, felt confident about the newly built house he was buying about 30 miles north of downtown Los...
State Farm Plans Another Auto Insurance Rate Cut in Louisiana
Sep 9 2019 // State Farm Mutual Insurance Co. has filed for an overall statewide average private passenger auto insurance rate reduction of 2.6% in Louisiana, according to the state insurance department. The Louisiana Department of...
State Farm to Cut Auto Insurance Rates in Missouri
Sep 6 2019 // More than 1 million customers of State Farm Mutual Automobile Insurance Co. soon will see their personal auto insurance rates decline, the insurer said. State Farm Mutual said effective Sept. 1 it will decrease the overall...
Louisiana Commissioner, State Farm Dispute Hurricane Deductibles
Sep 2 2019 // Louisiana Insurance Commissioner James Donelon has issued a cease and desist order against State Farm in a dispute over policy deductibles related to Hurricane Barry. The state Department of Insurance received a complaint...
Louisiana Insurance Commissioner, State Farm at Odds Over Hurricane Deductibles
Aug 26 2019 // Louisiana Insurance Commissioner James Donelon has issued a cease and desist order against State Farm in a dispute over hurricane deductibles before Hurricane Barry. The state Department of Insurance received a complaint...
In Review of Hail Claims Cases, Texas High Court Clarifies Bad Faith in Appraisal Process
Aug 19 2019 // An insurer’s payment of the appraisal value after disputing a claim does not establish that it was liable, nor does that payment prevent a policyholder from pursuing penalties under the Prompt Payment of Claims Act,...
State Farm Lowering Home Insurance Rates in Kansas
Aug 7 2019 // State Farm said it is reducing its Kansas homeowners insurance rates by an average of 2.2 percent. The total statewide expected savings impact for State Farm customers by this rate decrease is approximately $5.1...
AM Best Upgrades Credit Rating of State Farm Florida Insurance Co.
Aug 7 2019 // AM Best has upgraded the FSR to A- (Excellent) from B++ (Good) and the Long-Term ICR to “a-” from “bbb+” of State Farm Florida Insurance Co. (State Farm Florida) based in Winter Haven, Fla. The...
Texas High Court Clarifies Bad Faith in Appraisal Process
Aug 2 2019 // An insurer’s payment of the appraisal value after disputing a claim does not establish that it was liable, nor does that payment prevent a policyholder from pursuing penalties under the Prompt Payment of Claims Act,...
State Farm Cuts Auto Insurance Rates in Hawaii
Jul 16 2019 // State Farm Mutual Automobile Insurance Co. will cut its rates in Hawaii for the third time in two years, the company announced. As a result, its overall personal auto rate will drop by 2.6 percent. The total state-wide...
Auto Insurance Rates Going Down in Louisiana
Jul 1 2019 // Two more carriers are planning to lower their auto insurance rates in Louisiana, the state’s insurance department reported in June. Both Progressive Security Insurance Co. and Louisiana Farm Bureau have filed to...
State Farm Bets on ‘Real Time’ Telematics as GEICO Scoffs
Jun 19 2019 // The nation’s largest insurer has stepped up its investment in telematics, announcing this week an upgrade to its usage-based insurance program that allows policyholders to check on their driving habits trip-by-trip...
Commissioner: Farm Bureau to Drop Auto Insurance Rates in Louisiana
Jun 17 2019 // Louisiana Farm Bureau is following the downward trend in auto insurance rates started by State Farm and Progressive insurance companies, the Louisiana Department of Insurance reported. Louisiana Farm Bureau has filed for a...
Auto, Homeowner Claims from Severe Midwest Weather Add Up for State Farm
Jun 5 2019 // State Farm said last week it had received over 6,000 homeowner claims and more than 5,000 auto claims related to severe weather that pummeled the Midwest on May 27 and 28. The company reported around 6,110 total homeowner...
State Farm to Cut Auto Rates by 5.5% in West Virginia
May 28 2019 // State Farm Mutual Automobile Insurance Co. said it plans to cut overall personal auto rates in West Virginia by 5.5%. The expected total statewide impact for State Farm Mutual by this rate decrease in West Virginia will be...
State Farm Cuts Homeowners Rates by 14.4% in Florida
May 21 2019 // State Farm has reduced its homeowners insurance rates by an average of 14.4 percent in Florida for current and future home insurance customers. The new rates went into effect May 15, 2019 for new business and July 1, 2019...
State Farm Again Cutting Auto Insurance Rates in Kansas
May 9 2019 // State Farm Mutual Automobile Insurance Co. is lowering its rates in Kansas, for the second time in two years. As a result, its overall personal auto rate will drop by 2.3 percent. The total state-wide expected impact for...
Louisiana House Passes Bill Targeting High Auto Insurance Rates
Apr 26 2019 // A bill aimed at lowering Louisiana’s sky-high auto insurance rates has passed the state House of Representatives. On April 23, House lawmakers passed HB 372, named the “Omnibus Premium Reduction Act of 2019,...
How Drones and Aerial Imagery Use Rose to New Heights Post 2018 Catastrophes
Apr 1 2019 // The importance of drones and aerial imagery rose to a new level in the wake of 2018 natural catastrophes as insurers made them an integral part of their disaster recovery procedures, particularly following the hurricanes...
