Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
State Farm to Drop 50,000 Coastal Homeowners Policies in Fla.
Jul 23 2007 // State Farm Insurance, Florida’s largest private home insurer, said it will drop about 50,000 homeowners policies next year in what it considers risky areas along the coast. Most of the homes and condos that will lose...
Other Mississippians Upset Because they Bothered ‘To Be Responsible’
Jul 20 2007 // Policyholders who settled Hurricane Katrina lawsuits confidentially with insurance companies can keep those payments, along with federal grants for structural damage other homeowners were ineligible to receive or must...
Nationwide Settles 10 Katrina Lawsuits in Mississippi
Jul 19 2007 // Nationwide Mutual Insurance Co. has settled 10 lawsuits filed by Mississippi homeowners in a dispute over damage from Hurricane Katrina. The settlement was announced Monday by Biloxi attorney Jack Denton. Two weeks ago,...
News Currents
Jul 2 2007 // Mississippi poses PR challenge for State Farm and industry It’s the latest version of the Hatfields versus the McCoys but with billions of dollars and an insurer’s, if not an industry’s, reputation at...
Ariz. high court to review product liability case
Jul 2 2007 // The Arizona Supreme Court announced it will be reviewing a product liability case in which a lower court decided that all parties in a distribution chain could not be sued equally. At issue in State Farm Insurance v....
State Farm to cut Colo. auto rates 7.2%
Jul 2 2007 // State Farm Mutual Automobile Insurance Co. announced it is lowering its overall automobile insurance rate level in Colorado an average of 7.2 percent beginning July 16. The rate reduction represents an annual savings of...
Arizona Supreme Court to Review Product Liability Case
Jun 27 2007 // The Arizona Supreme Court announced it will be reviewing a product liability case in which a lower court decided that all parties in a distribution chain could not be sued equally. At issue in the case, State Farm...
State Farm Announces Rate Decrease for W. Va. Homeowners
Jun 25 2007 // Just weeks after announcing an automobile insurance rate decrease, State Farm Insurance, the largest insurance provider in West Virginia, says it also will lower rates statewide for home insurance. The average West...
Miss.: Scruggs Files Racketeering Charges against State Farm
Jun 20 2007 // The Scruggs Katrina Group filed federal charges against State Farm, E.A. Renfroe Company, and Forensic Analysis and Engineering Company on behalf of 21 Mississippi policyholders whose homes were destroyed in Hurricane...
State Farm Cutting Colo. Auto Rates 7.2%
Jun 19 2007 // State Farm Mutual Automobile Insurance Co. announced it is lowering its overall automobile insurance rate level in Colorado an average of 7.2 percent beginning July 16. The rate reduction represents an annual savings of...
News Currents
Jun 18 2007 // State Farm to lower rates if Fla. lets no-fault expire in October State Farm will be able to cut its car insurance rates by about 16 percent on average if lawmakers do not continue the state’s no-fault accident...
Vulnerable Outer Banks
Jun 18 2007 // Declarations “If we had a Katrina-sized storm, 75 percent of these islands could be gone. You can count on it cleaning the clock.” — Stan Riggs, a geologist at East Carolina University who has studied the...
Anatomy of a misunderstanding: Is Texas a direct-action state?
Jun 18 2007 // One of the hallmarks of Texas insurance law is that Texas, unlike Louisiana and a handful of other states, is not a “direct-action” state. This simply means that a third-party claimant/plaintiff cannot bring a...
Best Rates State Farm ‘A++’
Jun 12 2007 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A++” (Superior) and assigned issuer credit ratings (ICR) of “aa+” to State Farm Group and its P/C members and life affiliates....
Miss. Attorney General Sues State Farm for Breach of Contract
Jun 12 2007 // In the Circuit Court of Hinds County Monday, Mississippi Attorney General Jim Hood filed a complaint against State Farm Fire and Casualty Co. alleging bad faith breach of contract related to the settlement agreement the...
State Farm to Send $16.5 Million Back to W.Va. Auto Policyholders
Jun 11 2007 // West Virginia Auto owners insured through State Farm Mutual Automobile Insurance Co. will get a break on their premiums again this year. The amount of the reduction will vary, but the average savings equals $47. State...
Ratings Recap: QBE (US); HSBC; Genworth; State Farm; Mystic Re II
Jun 7 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit ratings (ICR) of “a” of New York-based QBE Re Group U.S. and its members. Best also removed...
State Farm Trial Scheduled on Claims by Mississippi Coast Resident
Jun 6 2007 // State Farm Fire & Casualty Co. was scheduled to be back in federal court in Gulfport, Miss., on Monday in a lawsuit filed by a Pass Christian homeowner over damages from Hurricane Katrina. The lawsuit was filed by...
If Fla. No-Fault Expires, State Farm’s Rates Could Drop 16%
Jun 1 2007 // State Farm will be able to cut its car insurance rates by about 16 percent on average if lawmakers do not continue the state’s no-fault accident system, state insurance regulators ruled this week. The Office of...
Fla. Plaintiffs Settle with State Farm on Hurricane Damaged Screen Enclosures
May 25 2007 // A Broward County Court has approved a class action settlement on behalf of more than 12,000 State Farm Insurance policyholders in Florida who will receive 100 percent of the damages they requested in a $6.8 million...
