Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
Top 10 States for Hail Claims: State Farm
Apr 2 2018 // State Farm recently started a spring storm campaign to educate consumers on hail damage. The insurer collected its homeowners’ claims data for hail damage based on total paid losses for 2017. That number totaled more...
Midwest High on List of States with Most Animal-Vehicle Collisions
Oct 16 2017 // Motorists are more likely to crash into a deer in five Midwest states than in most other states, according to State Farm’s annual ranking of states in terms of the likelihood of deer-vehicle collisions. The insurer...
West Virginia Tops State Farm List of Deer-Car Crashes, Again
Oct 6 2017 // For the 11th consecutive year, West Virginia has topped State Farm’s list for the likelihood of vehicles crashes involving deer. Using claims data, the Bloomington, Illinois-based insurer released its annual deer...
Ex-Illinois County Chairman, State Farm Consultant Sentenced in Fraud Case
Oct 2 2017 // A former Illinois county board chairman who also previously worked for State Farm Insurance Co. as a consultant has been sentenced to 12 months and a day in federal prison after being convicted of a wire fraud scheme. In...
Ex-Illinois County Chairman, State Farm Consultant Sentenced in Fraud Case
Sep 15 2017 // A former Illinois county board chairman who also previously worked for State Farm Insurance Co. as a consultant has been sentenced to 12 months and a day in federal prison after being convicted of a wire fraud scheme. In...
Credit Ratings of Texas’ State Farm Lloyds Upgraded
Jul 18 2017 // A.M. Best has upgraded the Financial Strength Rating (FSR) to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” from “bbb+” of State Farm Lloyds in...
State Farm Issues $13.3M in Refunds to California Policyholders
May 11 2017 // California Insurance Commissioner Dave Jones announced today that State Farm has issued refunds totaling $13.3 million for overcharged premiums to 241,356 California consumers in compliance with his rate reduction order...
California OKs Lower Rates for State Farm’s Boat, Home Inland Marine Policies
May 9 2017 // California Insurance Commissioner Dave Jones has approved rate reductions for two State Farm inland marine policies that he said will bring millions of dollars in premium savings for tens of thousands of boat owners and...
Oklahoma Commissioner Unhappy About State Farm’s Plan to Exit Tulsa
May 8 2017 // State Farm is planning to close its Tulsa operations center in 2019, and the state’s insurance commissioner is none too happy about it. According to the Associated Press, spokesman Justin Tomczak said the company...
State Farm to Close 11 Offices, Displacing 4,200 Employees, After 2016 $7B Loss
May 4 2017 // State Farm Mutual Automobile Insurance Co., the largest U.S. home and auto insurer, plans to shut 11 U.S. facilities, displacing about 4,200 workers, after a $7 billion annual underwriting loss last year on auto...
Insurers’ Use of Cell Tower Data to Deny Claims Comes Under Scrutiny
Apr 3 2017 // It took Jaclyn Bentley nearly three years to prove she didn’t burn her house down for the insurance money, allegations she and her lawyer say were born of the junk practice of analyzing cellphone tower data. She was...
Personal Auto Rate Hikes Not Keeping Up with Losses: Fitch
Mar 30 2017 // U.S. personal auto underwriters increased premium rates “significantly” in 2016. But here’s the thing: it wasn’t enough. Loss trends are still outpacing rate changes. Also, the U.S. P/C industry...
Mississippi Supreme Court Refuses to Dismiss State Farm Katrina Lawsuit
Mar 20 2017 // The Mississippi Supreme Court won’t dismiss a state lawsuit against an insurance company over Hurricane Katrina claims. The Sun Herald reports that Attorney General Jim Hood’s lawsuit against insurance giant...
State Farm Lost $7 Billion on Auto in 2016
Mar 1 2017 // State Farm joined the ranks of property/casualty insurers reporting challenges in their auto insurance line of business. State Farm said it lost $7 billion on its auto insurance underwriting in 2016. The State Farm...
Washington Insurance Commissioner Fines State Farm, Others
Feb 13 2017 // Washington Insurance Commissioner Mike Kreidler issued fines in January totaling $15,000 against insurance companies, agents and brokers for violating state insurance regulations. Following are the entities, the fines and...
California Judge Denies State Farm’s Request to Delay Rate Reduction Order
Jan 27 2017 // Superior Court Judge Katherine Bacal has denied State Farm’s request for a temporary restraining order in an attempt to delay California Insurance Commissioner Dave Jones’ enforcement of his order directing the...
California Department of Insurance Issues Notice of Noncompliance to State Farm
Jan 17 2017 // The California Department of Insurance has issued a noncompliance notice to State Farm General Insurance Co. for refusing to reduce policyholders’ rates as mandated by an order from Insurance Commissioner Dave Jones...
Judge Denies State Farm’s Bid to Stop California Rate Reduction Order
Dec 8 2016 // California Superior Court Judge Katherine Bacal has denied State Farm’s emergency request to stay Insurance Commissioner Dave Jones’s order directing State Farm to reduce homeowner and renter rates by 7...
Supreme Court Upholds Katrina Fraud Verdict Against State Farm
Dec 6 2016 // The Supreme Court on Tuesday handed a victory to two whistleblower sisters by upholding a jury verdict that found State Farm defrauded the U.S. government when the insurance company assessed damage caused by Hurricane...
Supreme Court Justices Question State Farm Appeal of Katrina Jury Verdict
Nov 21 2016 // The Supreme Court appeared unlikely to throw out a jury verdict against State Farm that found the insurance company defrauded the U.S. government when it assessed damage caused by Hurricane Katrina along the Gulf of Mexico...
