Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
Michigan-Based NAPAA Files Lawsuit Against Allstate
Nov 21 2001 // Canton, Mich.-based National Association of Professional Allstate Agents (NAPAA) filed a lawsuit in U.S. District Court in Tampa, Fla. against Allstate Insurance Co., claiming that the insurer breached its agreement with...
NAII Claims Utah Ruling Was Flawed
Nov 13 2001 // A Utah Supreme Court decision reinstating a $145-million punitive damages award against State Farm Mutual Automobile Insurance Co. in a bad-faith case also upheld “irrelevant” admission of evidence that...
NJ Allows State Farm 7% Rate Raise
Nov 12 2001 // New Jersey’s Department of Banking and Insurance reached a compromise agreement with State Farm Indemnity, the State’s largest automobile insurer, which will permit it to raise premiums by 7 percent overall;...
State Farm to Provide $142 Million to Lloyd’s Amlin
Oct 24 2001 // State Farm made another big investment in the reinsurance market, when it agreed to provide an additional £100 Million ($142.5 million) in capital to Lloyd’s Amlin syndicate in which it is a major...
State Farm Auto Rates in Oregon Driven Up
Oct 9 2001 // State Farm auto insurance policyholders in Oregon, who are accustomed to seeing annual dividend checks, instead will see an average 5.4 percent raise in rates starting Nov. 1, the company said earlier this week. According...
Retreating Insurers Create Turmoil in the Texas HO Market
Oct 8 2001 // Despite efforts by the Texas Department of Insurance to stabilize the homeowners insurance market in the state, property/casualty insurers are bailing out of the Texas market or scaling back coverage, at least temporarily,...
State Farm Lloyds Rating Under Review
Oct 8 2001 // A.M. Best Co. placed under review the A- (Excellent) financial strength rating of State Farm Lloyds, which is headquartered in Dallas. The action primarily reflects deterioration in the company’s capital position...
Courts Continue to Reject Diminished Value Concept in Class Actions
Sep 5 2001 // In spite of an ongoing influx of litigation, U.S. courts continue to reject class-action lawsuits involving diminished value, a concept referring to the difference between the value of a vehicle before and after it was...
2000 Market Share For Insurers in Texas
Sep 3 2001 // The books are closed on 2000 Texas premium and loss information for the insurance industry. IIAT’s annual review of market share data contains a few surprises, some good news and some bad news. Here are the...
STATE FARM’S EXIT SLOWED
Aug 27 2001 // New Jersey’s Department of Banking and Insurance is seeking to prolong the state’s largest automobile insurer’s presence in order to give State Farm’s 800,000-plus customers time to find alternative...
Penna. Ins. Dept. Takes Over PHICO Insurance
Aug 21 2001 // New Jersey’s Department of Banking and Insurance is seeking to prolong the State’s largest automobile insurer’s presence for as long as possible in order to give State Farm’s 800,000 plus customers...
Mediator Named in Mold Case; Farmers Pulls Plugon HO-B Policies
Aug 6 2001 // A Travis County judge has named Austin lawyer and former Texas Supreme Court candidate Karl Bayer to mediate a settlement in a mold-related lawsuit in which the jury slapped Farmers Insurance Group with a $32 million...
Study Says Eight Insurers Command 65 Percent Market Share in Hurricane-Prone States
Jul 23 2001 // A recent study by Palm Beach Gardens, Fla.-based Weiss Ratings Inc. indicated that just eight large property and casualty insurers provide homeowners coverage to residents in hurricane-prone states. Weiss Ratings, a...
Auto Market Shrinks in New Jersey as Major Carriers Exit
Jul 16 2001 // First, State Farm Indemnity announced plans to leave New Jersey’s auto insurance market; then it was a subsidiary of American International Group noting similar intentions. Several other companies are now...
Study Says Eight Insurers Command 65% Market Share in Hurricane-Prone States
Jul 13 2001 // A recent study by Palm Beach Gardens, Fla.-based Weiss Ratings Inc. indicated that just eight large property and casualty insurers provide homeowners coverage to residents in hurricane-prone states. Weiss Ratings, a...
State Farm Names Texas’ Worst Intersections-One Makes U.S. Top 10 List
Jul 9 2001 // An intersection in Frisco, Texas, near Dallas, made State Farm Insurance Company’s list of the 10 most dangerous intersections in the U.S. The intersection at State Highway 121 and Preston Road in Frisco was number...
State Farm Study Tabs Funniest Intersection Names
Jul 2 2001 // State Farm Insurance researchers recently conducted a study detailing the country’s most dangerous intersections. Along the way, they found the funniest intersection names. The “funny” list was made...
Liberty Mutual May Take the Highway
Jun 18 2001 // One of New Jersey’s top five auto insurers is considering its options as a result of an announcement last week by State Farm Indemnity Co. which indicated it was withdrawing from selling auto insurance in the Garden...
State Farm Indemnity Pulls Out of N.J. Auto Market, Gets A.M. Best Downgrade
Jun 14 2001 // State Farm Indemnity announced on June 12 that it intends to stop writing automobile business in New Jersey. The announcement was immediately followed by A.M. Best Co. downgrading the financial strength rating of the...
State Farm Indemnity To Exit NJ Auto Market
Jun 13 2001 // State Farm Indemnity, New Jersey’s largest auto insurer, announced plans to withdraw from the market citing a failure to obtain regulatory reforms and consistently poor loss experience over the last three...
