State Farm Insurance News

Iowa High Court: Insurer not on Hook for Leak at Shopping Center

The Iowa Supreme Court has ruled that an insurance company is not on the hook for a 2010 leak at Waterloo shopping center that damaged a store. In a split decision on March 20, the high court sided with State …

Ex-Kansas Insurance Agent Gets Prison Sentence for Client, Company Theft

Prosecutors say a former insurance agent in Kansas has been sentenced to 42 months in prison for stealing from his clients. The U.S. attorney’s office said that 43-year-old Jason Matthew Pennington of Wichita pleaded guilty to two counts of wire …

Texas Insurance Trade Group’s Video Aimed at Student Recruitment

The Insurance Council of Texas (ICT) has produced a six-minute video highlighting the variety of job opportunities available in the insurance industry for recent college graduates and current undergrads. The video (http://youtu.be/2y1Qo9X8jt0) will be distributed to a large number of …

Overdue Work Comp Premiums Add to Oklahoma Jazz Hall of Fame Woes

The lawyer for an insurance company says the Oklahoma Jazz Hall of Fame is behind on its premiums and that his client has the right to seize the nonprofit group’s assets. Rick White says State Farm Insurance is owed $11,114 …

Indiana Body Shops Sue Insurers over Compensation for Vehicle Repairs

Indiana body shops and auto insurers are on a collision course over repair compensation practices, a dispute that could cost millions of dollars to patch up. In a federal lawsuit, 14 Indiana shops accuse State Farm Insurance and competitors of …

State Farm CEO: Headquarters Not Moving from Bloomington

State Farm Insurance Co. CEO Ed Rust Jr. says the company’s plans to expand in Arizona, Texas and Georgia will not affect the company’s headquarters in Bloomington, Ill. According to The Pantagraph in Bloomington Rust told a crowd at Illinois …

State Farm Targets NV Energy for Subrogation Over Reno Wildfire

State Farm Insurance plans to seek action against NV Energy for claims stemming from a November 2011 wildfire in Reno, Nev. sparked by arcing power lines. The wind-whipped fire destroyed 26 homes and damaged 17. It also caused about $7.6 …

Insurance Company Suing Former South Dakota Legislator

An insurance company is suing a former South Dakota state legislator to recover nearly $10,000 in medical expenses over a mishap during a parade. The Daily Republic reports that State Farm Insurance is suing 65-year-old Edwin W. Olson, of Mitchell, …

Adjusters Battling Power, Phone Outage, Long Gas Lines, Blocked Roads

Major insurers have deployed thousands of claims adjusters in the Northeast in the wake of Superstorm Sandy — they are working from dawn until late night to make contacts with policyholders, complete the estimate process and move claims forward. They …

Sandy Claims Figure Update From State Farm, Nationwide

Sandy-related claims are coming in at a fast pace, major insurers say. State Farm Insurance said it received approximately 90,000 Sandy-related claims (76,100 property claims and 13,900 auto claims) as of end of day Nov. 5. Looking at individual states …