Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
Climate Change, Wildfire Risk and State Farm’s California Decision
Jun 1 2023 // Several reasons were given within State Farm’s announcement last week the carrier was no longer writing new personal or business property/casualty policies in California – including a challenging reinsurance...
State Farm’s California Halt Reflects Overall Poor Underwriting Experience, Ratings Agency Says
May 31 2023 // State Farm’s announcement last week that the carrier was no longer writing new personal or business property/casualty policies in California “reflects the poor underwriting experience for California...
State Farm Stops Taking New Applications for Business, Personal Lines P/C in California
May 27 2023 // An insurer group was quick to respond over the weekend after State Farm announced it will cease accepting new applications for business and personal lines property/casualty in California to deal with increased risks and...
Is a Scooter a Vehicle? Appeals Court Says ‘Yes’ and State Farm Must Pay UM Claim
Apr 4 2023 // State Farm must pay an uninsured motorist claim for injuries caused by an electric motor scooter even though the scooter didn’t match the definition of “motor vehicle” in Florida statutes, a panel of the...
State Farm P/C Businesses Report $13B Underwriting Loss
Mar 1 2023 // Late last year, State Farm’s chief executive broke the news that the auto giant would record the largest underwriting loss in its 100-year history for 2022. On Monday, the news became official with a huge number...
Lawsuit Against State Farm Alleges Racial Discrimination in Claims Handling
Dec 16 2022 // State Farm’s claims handling process is the subject of a new lawsuit alleging disparities between the insurer’s treatment of claims from Black policyholders versus claims from white policyholders. The suit...
State Farm Still Dealing With Return of its Workforce: CEO Tipsord
Dec 12 2022 // State Farm CEO Michael Tipsord said the nation’s top property/casualty insurer will likely never be the same following the pandemic – and that may be a good thing. “I don’t think we’ll ever go...
State Farm Will Start Hiking Auto Rates, Allstate CEO Predicts
Dec 9 2022 // Allstate’s chief executive officer said his company will likely continue pushing for auto insurance rate hikes next year, and he expects the carrier’s largest mutual competitor—State Farm—to move in the...
New Hampshire Body Shop Owner ‘Winging’ Own Case Beats State Farm in High Court
Nov 17 2022 // Collision repair shop owner Steve Piispanen didn’t hire an attorney because he considers them to be “not educated” when it comes to insurance law. He represented himself when he appealed a local...
Appeals Court Won’t Certify Class Action on State Farm’s Diminished Value Formula
Sep 28 2022 // Auto and property insurers in the last three months have settled class-action lawsuits in Southern states alleging the carriers systematically underpaid claims. A federal appeals court in Georgia has decided a similar...
State Farm Agrees to Settle Katrina Claims Lawsuit with Mississippi AG
Sep 19 2022 // Mississippi has quietly settled its lawsuit against State Farm Fire and Casualty Co. for allegedly minimizing its Hurricane Katrina payments to policyholders, leaving the state to compensate homeowners. The settlement says...
State Farm Invests $1.2B in ADT; Adopts ‘Predict and Prevent’ Mindset
Sep 7 2022 // State Farm and ADT, a smart home provider, announced that State Farm will make a $1.2 billion equity investment in ADT, a move that will give the nation’s largest insurer a 15% ownership stake in ADT. The investment...
State Farm to Pay $100 Million to Federal Government for Hurricane Katrina Claims
Aug 25 2022 // State Farm Fire and Casualty Co. and two former claims-adjuster sisters, who more than 16 years ago filed a lawsuit claiming the insurer committed fraud against the government’s National Flood Insurance Program...
State Farm Sues Amazon to Recover New York Homeowner Claim
Aug 23 2022 // State Farm Fire & Casualty is trying to get Amazon to reimburse it for a payment it made to cover damages to the home of one of its New York insureds. State Farm and its insured claim that the damage was caused by a...
State Farm Alleges $2.6M Auto Insurance Fraud by New Jersey Chiropractors, Doctors
Aug 5 2022 // Insurer State Farm is fighting what it says is a fraudulent medical scheme that has been exploiting New Jersey’s personal injury protection (PIP) benefits law since 2014. The insurer is seeking to recover $2.6...
State Farm Settles Alabama Class Action Charging it Underpaid Claims
Jul 29 2022 // Did State Farm Insurance employ a clever device to reduce its payout – sometimes to zero – on thousands of property claims in Alabama? The insurance company has denied underpaying claims and other wrongdoing, but has...
Personal Auto Results Slow to Recover; GEICO, Progressive to Pass State Farm
Jul 19 2022 // With an overall combined ratio in excess of 100 for the first time since 2017, private passenger auto joined homeowners in unprofitable territory last year, prompting carriers to respond with pricing and underwriting...
Analysis: State Farm Wins Again With Better J.D. Power Scores Than GEICO
Jul 18 2022 // When Warren Buffett told Berkshire Hathaway investors that State Farm continues to dominate the large auto insurance carrier landscape during this year’s annual meeting, he was referring to scale rather than customer...
State Farm Drops Support of LBGTQ Awareness Group After ‘Creepy Neighbor’ Campaign
May 25 2022 // After an uproar from conservative groups, State Farm Insurance has dropped its support of a group that said it was battling misinformed opinions on transgender youth. “We support organizations that provide resources...
State Farm Still Wins: Buffett Talks Auto Insurance at Annual Event
May 3 2022 // There wasn’t a lot of talk about auto insurance at this year’s annual meeting of Berkshire Hathaway, but when the subject came up, Warren Buffett acknowledged the continued dominance of one competitor—a...
