State Farm Mutual Automobile Insurance Co. News

State Farm to Cut Auto Rates in North, South Carolina

State Farm Mutual Automobile Insurance Co. will decrease its auto rates in North and South Carolina, impacting more than 2 million customers in both states. According to a statement from the insurer, State Farm’s overall personal auto rate will drop …

State Farm to Cut Auto Insurance Rates in Missouri

State Farm Mutual Automobile Insurance Co. plans to lower auto insurance rates rates in Missouri by 3 percent overall. The company said the total statewide savings for all State Farm customers affected by this rate decrease in Missouri will be …

Judge Dismisses State Farm Car Crash Suit Against Mississippi U.S. Senate Appointee

A lawsuit against U.S. Senate appointee Cindy Hyde-Smith of Mississippi has been permanently dismissed. The Daily Leader reports Mississippi Circuit Judge David Strong dismissed the case with prejudice April 3. That means the lawsuit can be appealed to a higher …

Credit Ratings of Texas’ State Farm Lloyds Upgraded

A.M. Best has upgraded the Financial Strength Rating (FSR) to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” from “bbb+” of State Farm Lloyds in Richardson, Texas. A.M. Best also has affirmed the …

State Farm Latest Company to Stop Donating to N.J. Rep. Garrett

Add the nation’s largest property-casualty insurer to the growing list of financial companies that won’t be donating to U.S. Representative Scott Garrett in the wake of his alleged anti-gay remarks. State Farm Mutual Automobile Insurance Co., which contributed $2,000 to …

State Farm: No Unusual Claims Activity in Northeast From Weekend Snowstorm

State Farm Mutual Automobile Insurance Co. says last weekend’s snowstorm that dropped as much as 17 inches of snow in parts of the Northeast didn’t have much of an impact in terms of claims activities in the area. “We did …

California Commissioner Fingers Insurers for Iran Investments

California Insurance Commissioner Dave Jones on Wednesday singled out eight insurers licensed to do business in the state that continue to have investments tied to Iran’s energy, military and nuclear sectors. During a press conference in Los Angeles Jones called …