State Farm says it has paid almost $1 billion on about 300,000 catastrophe claims from devastating storms across the central and southeastern United States over the past two months. The Pantagraph in Bloomington reported that State Farm says about 284,000 …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Bermuda-based Top Layer Reinsurance Ltd. ; both with stable outlooks. The ratings reflect the “substantial amount of support Top …
State Farm plans to close two dozen field offices in Illinois, Indiana and Michigan where 1,300 people work to save $8 million over the next five years. The Pantagraph newspaper in Bloomington reported that the insurance company said some of …
State Farm Insurance Co. has released its top 10 states for claims involving dog bites, with California on top in number of claims and Florida recording the highest cost per claim. The Bloomington-based State Farm reported that California led the …
California leads the nation in the number of claims made and paid out by State Farm Insurance for dog bites, according to the Bloomington, Ill.-based insurer. The insurer recorded 369 claims were made, and $11.3 million was paid out in …
Officials in Southeast states hammered by a storm that killed at least 300 people have begun the task of evaluating the damage. Alabama appears to have suffered the brunt of the storm, where Tornadoes struck particularly hard in Tuscaloosa and …
State Farm Insurance plans to open a retail storefront in Chicago this summer where it apparently doesn’t plan to sell anything. The Bloomington-based insurer says it plans use it the location in Chicago’s Lakeview neighborhood as a way to reach …
Texas State Rep. Joaquin Castro of San Antonio has announced he is terminating his policyholder relationship with State Farm Insurance Co. because of the company’s persistent refusal to pay back customers that have been overcharged on their premiums. He has …
State Farm plans to begin increasing or lowering some of its Illinois policy holders’ rates next year based on how far they drive. The Bloomington-based company says its new Drive Safe and Save program will only be available to its …
A judge in Austin, Texas, has ruled that State Farm Insurance Co. must comply with a state insurance department directive to repay policyholders in a long running dispute between the insurer and Texas insurance regulators over alleged overcharges for homeowners …
