Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
Insurance Industry Mobilizes for Hurricane Irene Claims
Aug 26 2011 // In addition to advising their policyholders on what to do to protect against Hurricane Irene, property/casualty insurers and brokers are themselves taking precautions—and positioning their claims teams for the...
Washington Auto Glass Fraud Perpetrator Ordered to Pay
Aug 23 2011 // A Burien auto glass company owner who was sentenced for insurance fraud last week now has been ordered to pay more than $1.6 million in restitution to several insurance companies for the overbilling scam. Michael Alan...
Indiana Republicans Vote to Privatize State Farm
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
State Farm to Monitor Some Drivers, Adjust Rates
Aug 11 2011 // State Farm Insurance plans to give its Illinois customers a chance to lower, or raise, their rates depending on their driving habits. The Bloomington-based insurer said that in September it will start putting a monitoring...
State Farm to Reduce Size of N.J. Operations Center
Jul 28 2011 // State Farm Insurance Company says it plans to reduce the size of a New Jersey operations center, sending about 500 jobs to New York and Pennsylvania. The company said it intends to downsize its Parsippany office over the...
Auto-Glass Installer Sentenced in $1.6 Million Insurance Fraud
Jul 21 2011 // A Burien, Wash., auto glass company owner has been sentenced to jail for a billing scheme that’s believed to have cost insurers more than $1.5 million, reports the state insurance commissioner. Michael Alan Perkins,...
State Farm Wants 8% Homeowners Rate Increase in Louisiana
Jun 22 2011 // State Farm Fire & Casualty Co., Louisiana’s largest insurer of homes, is asking state insurance regulators for permission to boost premiums by an average 8.5 percent. In a filing released by the state insurance...
Another Insurer, State Farm, Reports Major Spring Storm Losses
Jun 17 2011 // State Farm claim representatives said it has paid nearly $1.75 billion to its customers from the destructive storms of April and May. The total claim payments have nearly doubled in less than three weeks. Earlier this...
Chicago-based Insurance Association, State Farm Distribute $10K in Scholarships
Jun 9 2011 // The Chicago chapter of the National African-American Insurance Association (NAAIA) announced that its Chicago corporate sponsor, State Farm, presented scholarships to 10 academically-outstanding youth representing area...
Best Upgrades State Farm General Insurance Co.’s Ratings
Jun 9 2011 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of State Farm General...
State Farm Storm Claims in Hundreds of Thousands
Jun 6 2011 // State Farm says it has paid almost $1 billion on about 300,000 catastrophe claims from devastating storms across the central and southeastern United States over the past two months. Around 284,000 of the claims are from...
State Farm Storm Claims in Hundreds of Thousands
May 31 2011 // State Farm says it has paid almost $1 billion on about 300,000 catastrophe claims from devastating storms across the central and southeastern United States over the past two months. The Pantagraph in Bloomington reported...
Best Affirms Top Layer Re’s ‘A+’ Ratings
May 26 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Bermuda-based Top Layer Reinsurance Ltd. ; both with stable outlooks. The...
Insurers Fight over Flood Policies Dropped by State Farm
May 16 2011 // Major U.S. insurers are pushing to gain control of 800,000 former State Farm flood insurance policies as lawmakers contemplate reforms to the nation’s flood insurance system. The conflict began last year when State...
State Farm to Close Offices in Illinois, Indiana, Michigan
May 11 2011 // State Farm plans to close two dozen field offices in Illinois, Indiana and Michigan where 1,300 people work to save $8 million over the next five years. The Pantagraph newspaper in Bloomington reported that the insurance...
Top 10 States for Dog Bite Claims
May 11 2011 // State Farm Insurance Co. has released its top 10 states for claims involving dog bites, with California on top in number of claims and Florida recording the highest cost per claim. The Bloomington-based State Farm reported...
California Leads Nation in Dog Bite Claims, State Farm Says
May 10 2011 // California leads the nation in the number of claims made and paid out by State Farm Insurance for dog bites, according to the Bloomington, Ill.-based insurer. The insurer recorded 369 claims were made, and $11.3 million...
Insurers Fight Over Flood Policies Dropped by State Farm
May 6 2011 // Major U.S. insurers jostled on Capitol Hill this week over control of 800,000 former State Farm flood insurance policies as lawmakers tried to advance reform of the nation’s flood insurance system. The conflict began...
Insurers Fight Over Flood Insurance Policies Dropped by State Farm
May 5 2011 // Major U.S. insurers jostled on Capitol Hill this week over control of 800,000 former State Farm flood insurance policies as lawmakers tried to advance reform of the nation’s flood insurance system. The conflict began...
State Farm Plans Chicago Retail Venture
Apr 18 2011 // State Farm Insurance plans to open a retail storefront in Chicago this summer where it apparently doesn’t plan to sell anything. The Bloomington-based insurer says it plans use it the location in Chicago’s...
