RenRe and Affiliates A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Renaissance Reinsurance Ltd. (RenRe) and Renaissance Reinsurance of Europe, based in Dublin, Ireland. Best also has …
A new report on teen driver safety by The Children’s Hospital of Philadelphia (CHOP) and State Farm shows encouraging trends among teen passengers. From 2008 to 2011, risky behaviors of teen passengers (ages 15 to 19 years) declined: the number …
State Farm Insurance Co. says it isn’t moving its headquarters from Bloomington, despite recent media reports that the Illinois-based company is adding major office space in Dallas, Atlanta and Phoenix. News reports last week in Dallas and Atlanta about large …
The State Farm insurance company is planning to grow its Arizona operations in the Phoenix metropolitan area. A State Farm spokesman confirmed Tuesday that the company will boost its established operations in metro Phoenix as well as in Dallas and …
The new auto insurance pricing study from the Consumer Federation of America (CFA) is getting roundly criticized by insurance industry representatives. The representatives say that states’ auto insurance marketplaces are highly competitive, with most drivers having dozens of auto insurers …
Louisiana Insurance Commissioner Jim Donelon has declined to approve a recent homeowners rate request filed by State Farm Fire and Casualty Co. (State Farm). State Farm submitted the request for the +16.6 percent rate increase to its homeowners program in …
Louisiana Commissioner of Insurance Jim Donelon has denied a request by State Farm Fire & Casualty Co. (State Farm) to introduce a regional deductible plan for its Louisiana homeowner’s program. Donelon said the company’s request “failed to meet the requirements …
State Farm Fire and Casualty Co. resolved its dispute against former Penn State assistant football coach Jerry Sandusky over the insurer’s homeowners coverage. At issue was whether State Farm would be obligated to pay for any defense costs or awards …
Delaware’s insurance department announced it has fined State Farm Fire and Casualty Company a $150,000 penalty for failing to include in some of its non-renewal notices a written explanation of the specific reasons for non-renewal. The insurer has also been …
State Farm says West Virginia continues to be the state where a vehicle is most likely to hit a deer.The Mountain State tops State Farm’s annual list for the sixth consecutive year. The Bloomington, Ill.-based insurer released the latest list …
