Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
Standard and Poor Takes State Farm off Watch, Lowers Ratings
May 20 2002 // Standard & Poor’s has removed from CreditWatch and lowered the counterparty credit and financial strength ratings on State Farm’s core operating units to double-‘A’-plus from...
STATE FARM WITHDRAWS FROM LA.
May 13 2002 // State Farm has decided to take a hike from the Louisiana homeowners market and Acting Insurance Commissioner Robert Wooley acknowledged the pullout comes as no surprise. In a statement, Wooley noted that the company cited...
STATE FARM PUTS MORATORIUM ON CALIF. HOMEOWNERS’ INSURANCE
May 13 2002 // Saying the company’s top priority is to its current customers, State Farm has put a moratorium on issuing homeowners’ policies in California until further notice. “We’ve been facing some real...
TDI Rejects State Farm’s Request for Higher
May 13 2002 // Texas Insurance Commissioner Jose Montemayor has denied a second request in three months by State Farm Insurance Co., to raise its auto insurance premiums. According to the Austin American Statesman, State Farm raised auto...
Is the Texas Personal Auto Market Another Homeowners in the Making’
Apr 29 2002 // The personal automobile insurance market in Texas may not be approaching the crisis level at which the homeowners market currently finds itself, but signs indicate that it may be in for a rough ride. According to the Texas...
Mendoza Says Calif. State Farm Decision Is of Concern
Apr 26 2002 // Gary Mendoza, Republican nominee for California Insurance Commissioner, expressed concern over State Farm General Insurance Co.’s announcement that it will no longer accept new homeowners business in the...
State Farm Withdraws from Homeowners Insurance in Calif.
Apr 25 2002 // State Farm Insurance Company recently announced that it would no longer sell homeowners insurance in California due to the increasingly large payouts over the past two years, according to the Los Angeles Times. The company...
State Farm Puts Moratorium on Calif. Homeowners’ Insurance
Apr 22 2002 // Saying the company’s top priority is to its current customers, State Farm has put a moratorium on issuing homeowners’ policies in California until further notice. “We’ve been facing some real...
State Farm Ratings on WatchNegative
Apr 15 2002 // S&P placed its “AAA” financial strength ratings on all State Farm’s interactively rated operating companies on CreditWatch with negative implications, primarily because of large losses in the...
Approval of State Farm HO-W Policy Applauded
Mar 25 2002 // State Farm Lloyds, the Dallas-based property insurance unit of State Farm Insurance Companies, received approval from the Texas Department of Insurance (TDI) to sell its nationwide homeowners policy, the HO-W, in Texas,...
S&P Places State Farm Ratings on WatchNeg
Mar 11 2002 // Standard & Poor’s has placed its triple-‘A’ financial strength ratings on all State Farm’s interactively rated operating companies on CreditWatch with negative implications, primarily because...
S&P Lowers State Farm Lloyds
Feb 25 2002 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on State Farm Lloyds (SF Lloyds), which writes homeowners insurance in Texas, to “A” from “AAA.” At the...
CDI sets landlord’s facts straight
Jan 14 2002 // Jagdish Chandra of Fullerton was arrested by CDI investigators arrested on one count of insurance fraud and two counts of perjury. Chandra, 58, was booked into the Orange County Jail on a $10,000 bail felony warrant. An...
Top 10 Stories of 2001
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the Future This is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth,...
Texas Defendants Must Pay $26 Million for Defrauding State Farm
Dec 17 2001 // In Houston, U.S. District Judge Melinda Harmon ordered four defendants accused of defrauding State Farm Insurance by making false claims in hundreds of staged auto accidents to pay damages to the tune of $26...
Kinney Elected as PIFC Chairman of the Board
Dec 13 2001 // Dan Dunmoyer, president of the Personal Insurance Federation of California (PIFC), announced that Daniel E. Kinney, California vice president-public policy for State Farm Insurance Companies, was elected Chairman of the...
NASFA Files Suit against State Farm
Dec 11 2001 // The National Association of State Farm Agents Inc. filed suit recently against State Farm in Federal District Court on behalf of members, claiming breach of contract. The action was taken due to alleged raiding of the...
Fullerton, Calif. Man Arrested on Fraud, Perjury Charges
Dec 11 2001 // California Department of Insurance Fraud Investigators arrested a Fullerton man last week on one count of insurance fraud and two counts of perjury. Jagdish Chandra, 58, was booked into the Orange County Jail on a $10,000...
California Drivers to See Some Auto Rate Increases in the New Year
Dec 10 2001 // Auto insurers across the state are making a beeline for Sacramento with their Christmas wish list for rate hikes following several years of rate cuts for California motorists. Those insurers who were chopping rates two or...
Liberty NJ Auto Rate Increase Approved, Best Downgrades State Farm Indemnity
Nov 21 2001 // The ongoing battle between New Jersey’s automobile insurers and the State’s politicians and regulators recorded two new developments yesterday with the announcement that Liberty Mutual Fire Co. and its...
