Latest State Farm Headlines
All the headlines from our State Farm Topic Page, ordered by recency.
Farmers to Stay in Texas; TDI Resumes Scrutiny of Allstate, State Farm
Dec 16 2002 // A $100 million settlement was reached between the Texas Department of Insurance (TDI) and the Office of Attorney General (OAG) and Farmers Insurance Group on Nov. 30, under which Farmers will continue to offer homeowners...
State Farm Members Lowered
Dec 16 2002 // S&P’s lowered its counterparty credit and financial strength ratings on all members of the State Farm Group of Insurance Companies (State Farm) except State Farm Lloyds to “AA” from “AA+”...
La. Commissioner Calls State Farm Mold Notice Misleading
Dec 6 2002 // A notification from State Farm to its Louisiana homeowner customers citing an exclusion of mold coverage is misleading, according to acting Commissioner of Insurance Robert Wooley. Wooley said the company has notified its...
State Farm Agrees to Pay $775,000 + Costs in Settlement with MN Dept. of Commerce
Dec 5 2002 // State Farm and the Minnesota Department of Commerce – Insurance Division-have ended an 18-month investigation into the company’s auto and homeowners insurance rates by reaching an agreement that the insurer...
S&P’s Lowers Majority of State Farm Ratings
Nov 29 2002 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on all the members of the State Farm group of insurance companies (State Farm) except State Farm Lloyds to ‘AA’...
State Farm Seeks Auto Rate Increase in Ala.
Nov 22 2002 // At a Dec. 4 public hearing, the Alabama Department of Insurance will consider requests by State Farm Mutual Auto Insurance Co. and State Farm Fire & Casualty raise auto insurance rates in that states. According to the...
AAI Supports State Farm in Illinois Aftermarket Parts Case
Nov 6 2002 // The Alliance of American Insurers announced that it will file an amicus brief with the Illinois Supreme Court today in support of State Farm’s appeal of a lower court judgment in the case of Avery vs. State Farm...
No Increase for State Farm in Louisiana
Oct 28 2002 // State Farm Insurance Companies received recent rate increases in Florida, but Louisiana insurance regulators said “no dice” to the company’s request to raise premiums for apartment and church insurance...
Fla. Commissioner: Get Rid of Arbitration Panel
Oct 28 2002 // Florida Insurance Commissioner Tom Gallagher had harsh words for the arbitration panel that recently granted State Farm big increases in rates for homeowners coverage. Expressing his disappointment in the panel’s...
A.M. Best Affirms Ratings, Removes State Farm’s Calif., Texas Subsidiaries From Under Review
Oct 28 2002 // A.M. Best Co. has affirmed the financial strength ratings of B+ (Very Good) for two separately rated subsidiaries of State Farm Mutual Automobile Insurance Company, State Farm General Insurance Company (both of...
State Farm Gets Rate Increase in Fla.
Oct 21 2002 // State Farm Insurance Co. is expected to resume writing new homeowners insurance policies in Central Florida and other parts of the state on a limited basis after being granted a 23.3 average increase for homeowners...
2001 Market Share For Insurers in Texas
Oct 14 2002 // The 2001 premium and loss data for Texas verifies everything you heard from the insurance companies — it was a really bad year. Here are the highlights in review: • Texas accounts for 7 percent of the national premium...
Kansas Commissioner Welcome’s State Farm’s Return to State
Oct 10 2002 // Kansas Insurance Commissioner Kathleen Sebelius welcomed the news that State Farm, the state’s largest writer of homeowners’ coverage, had decided to lift its moratorium on writing new business in the...
A.M. Best Affirms Ratings, Removes State Farm’s Calif., Texas Subsidiaries From Under Review
Oct 8 2002 // A.M. Best Co. has affirmed the financial strength ratings of B+ (Very Good) for two separately rated subsidiaries of State Farm Mutual Automobile Insurance Company, State Farm General Insurance Company (both of...
CDI Orders Cease and Desist on State Farm Mutual Auto
Oct 3 2002 // The California Department of Insurance (CDI) served a Cease and Desist order on State Farm Mutual Automobile Insurance Company (State Farm) for marketing and selling long-term care (LTC) insurance policies in violation of...
STATE FARM GETS INCREASES IN LA.
Sep 30 2002 // The Louisiana Insurance Rating Commission approved a 14 percent increase in automobile insurance rates for State Farm Mutual Automobile Insurance Co. and a 19 percent rate hike for State Farm Fire & Casualty Co. The...
AIA: N.J. Auto Crisis Will Persist Despite DOBI Efforts
Sep 17 2002 // The New Jersey Department of Banking and Insurance (DOBI) has devised a program to assist the state’s auto policyholders find new coverage in light of State Farm Indemnity’s pending non-renewal of 4,000 polices...
Campbell vs. State Farm: U.S. Supreme Court May Resolve Issue
Sep 16 2002 // Outrageous! A travesty of Justice! Should be reversed! Both sides have probably said that at one time or another as the case of Campbell vs. State Farm worked it’s way through Utah’s court system, culminating...
La. Okays State Farm Auto Rate Increases
Sep 13 2002 // The Louisiana Insurance Rating Commission approved automobile insurance rate increases for State Farm Group that were less than those originally requested by the insurer. According to A.M. Best regulators approved a 14...
Former State Farm Agents Win $12M Settlement
Sep 2 2002 // A three-and-a-half year lawsuit pitting two former State Farm agents against State Farm Automobile Insurance Company has come to an end, with the jury’s verdict ruling for the agents. Richard Pyorre of Fort Bragg,...
