Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
State Farm Fire Prevention Pilot Tests Sensors That Detect Electrical Wiring Defects
Nov 17 2020 // State Farm is sending sensors that can detect hazards in electric wiring to 40,000 homeowners in California, Arizona and Texas as part of a pilot project that will measure potential savings and customer acceptance. Mike...
Insureds After COVID Premium Cuts Must Ask State Regulator First, Judge Rules
Oct 26 2020 // A federal judge has ruled that State Farm Fire and Casualty Co. does not have to return premiums to a small business customer because of the insured’s reduced business during the pandemic. The judge in Missouri found...
Business Moves
Oct 5 2020 // National OneBeacon, International Bond & Marine Brokerage OneBeacon Insurance Group said it has acquired International Bond & Marine Brokerage Ltd. (IB&M), a privately held brokerage and risk management firm...
5th Circuit Backs Plaintiffs in Insurer Interest Penalty Case
Oct 5 2020 // A Houston plaintiff’s attorney defeated State Farm Lloyd’s for the fourth time on the same issue, this time coming away with a federal appellate court ruling that policyholders don’t have to prove that...
5th Circuit Reasserts Bad Faith Not Necessary to Win Interest Penalty Against Texas Insurers
Sep 22 2020 // A Houston plaintiff’s attorney defeated State Farm Lloyd’s for the fourth time on the same issue, this time coming away with a federal appellate court ruling that policyholders don’t have to prove that...
The Villages of Florida Adds 3 from State Farm to Personal Lines Team
Sep 21 2020 // The Villages Insurance Partners has added 3 former State Farm employees to its Personal Lines Insurance team. Specializing in home, auto and golf car insurance, Chelsea Allen, Julia Skillman and Lacey Maher collectively...
In a First, State Farm to Acquire Texas Nonstandard Auto Insurer GAINSCO
Sep 17 2020 // State Farm Mutual Automobile Insurance Co. is acquiring Dallas-based nonstandard auto insurer, GAINSCO, in a $400 million cash transaction. It will be the first time in State Farm’s 98-year history that it has...
Defendants in Separate COVID-19 Business Interruption Suits Score Wins in Texas Courts
Sep 7 2020 // Rulings in two lawsuits originating in Texas over business income losses related to the COVID-19 pandemic were handed down in August in favor of insurance firms. In one, an insurance agency was added to a restaurant...
CoreLogic Estimates Hurricane Laura Insured Losses at $8B to $12B
Aug 28 2020 // Property information, analytics and data provider, CoreLogic, has estimated residential and commercial insured losses from Hurricane Laura in Louisiana and Texas will come in at between $8 billion and $12 billion. That...
Analysts Warn of Effects of Hurricane Laura Losses on P/C Insurers
Aug 27 2020 // Ratings analysts A.M. Best and Moody’s are expecting property/casualty insurers and reinsurers to suffer meaningful losses from Hurricane Laura. A.M. Best expects losses from Hurricane Laura to place added stress on...
Judge Tosses Texas Barbershops’ Suit Against Insurer Over Coronavirus Losses
Aug 16 2020 // A federal judge has agreed with an insurer that a group of barbershops in the San Antonio, Texas-area have no basis for claims seeking coverage under their commercial insurance policies for business interruption losses...
5th Circuit: Texas Carrier Must Defend Against Claim Despite Policy Exclusion
Aug 3 2020 // Texas law requires an insurer to defend the grandparents of a 10-year-old boy who was killed while driving their all-terrain vehicle against a negligence lawsuit, even though the carrier says neither the boy nor the crash...
Court Affirms Class Action Suit Against State Farm in Kentucky Claim Underpayment Case
Jul 27 2020 // A federal appellate court has cleared the way for a class-action lawsuit to proceed against State Farm Fire and Casualty Insurance Co. that may force the insurer to correct underpayments paid to some 65,000...
Personal Lines Insurance Poised to Turn Profit in 2020 As Auto Claims Fall: Fitch
Jul 20 2020 // After a profitable 2019, the U.S. personal lines insurance sector is positioned to see underwriting profits in 2020 even with considerable economic uncertainty from the coronavirus pandemic, according to a report from...
State Farm to Further Decrease Auto Insurance Rates in Louisiana
Jul 6 2020 // State Farm Insurance Co. has been approved for an overall auto insurance rate decrease of 9.6% in Louisiana, the state insurance department reported. State Farm’s rate reduction most recently approved by Louisiana...
Missouri Appeals Court Upholds Owned-Vehicle Uninsured Motorist Exclusion
Jun 26 2020 // In Johnson v. State Farm Mutual Auto Insurance Company, Johnson appealed a Missouri trial court’s grant of summary judgment in favor of State Farm, which upheld an owned-vehicle uninsured motorist (UM) exclusion...
In a Reversal, Texas Supreme Court Allows Prompt Payment Claim Against State Farm Lloyds
May 4 2020 // Texas’ high court recently reversed the ruling of an appeals court in a case involving whether an insurer’s payment of an appraisal award negates an insured’s claim against the carrier under the Texas...
Texas High Court Allows Prompt Payment Claim Against State Farm Lloyds
Apr 28 2020 // Texas’ high court recently reversed the ruling of an appeals court in a case involving whether an insurer’s payment of an appraisal award negates an insured’s claim against the carrier under the Texas...
State Farm Cutting Homeowners Rates in Louisiana
Apr 20 2020 // Louisiana Insurance Commissioner Jim Donelon has approved an overall base rate decrease of 3.5% for homeowners policies issued by State Farm Insurance Co. in Louisiana. State Farm provides homeowners’ coverage to...
Louisiana Insurance Commissioner: State Farm Cutting Auto, Homeowners Rates
Apr 13 2020 // Louisiana Insurance Commissioner Jim Donelon has approved overall base rate decreases of 3.5% for homeowners’ policies issued by State Farm Insurance Co., which follows his approval of an additional decrease of 2.3%...
