All the headlines from our State Farm Topic Page, ordered by recency.
May 16 2024 // State Farm announced that it has launched a new website to showcase some of its patented technology, and making it available for licensing, purchase or collaboration opportunities.“State Farm is more than just an...
Apr 10 2024 // The Oregon Division of Financial Regulation issued a $200,000 fine against State Farm after the company reportedly failed to send notices over the past six years informing its insureds of their ability to request an annual...
Apr 9 2024 // US insurers paid out $1.12 billion in dog-related injury claims in 2023 according to the Insurance Information Institute (Triple-I) and State Farm.The number of dog bite and related injury claims was 19,062 in 2023, an...
Apr 1 2024 // Roughly a week after State Farm announced that it would nonrenew tens of thousands of homeowners and commercial apartment policies in California, AM Best has downgraded the company that offered those policies.Last week,...
Mar 28 2024 // Louisiana Insurance Commissioner Tim Temple pointed to State Farm’s decision to non-renew policies in the California market as a warning for lawmakers to modernize Louisiana’s regulatory framework and address...
Mar 20 2024 // State Farm General Insurance Co. said it will non-renew 30,000 California homeowners, rental dwelling, and other property insurance policiesState Farm announced in May last year it had stopped accepting new policy...
Mar 18 2024 // State Farm Insurance brought forth a subrogation lawsuit against Norfolk Southern over damages to a pair of East Palestine, Ohio homes allegedly caused by the railroad company’s February 2023 train derailment.State...
Mar 15 2024 // The State Farm Mutual board of directors has selected President Jon Farney as the company’s next chief executive officer. Farney will succeed retiring CEO Michael Tipsord on June 1.Farney joined State Farm in 1993...
Mar 1 2024 // A year after recording the largest underwriting loss in the company’s 100-year history, State Farm eclipsed it in 2023.The underwriting loss figure climbed to $14 billion for 2023, with a nearly $5 billion...
Feb 26 2024 // State Farm Insurance brought forth a subrogation lawsuit last week against Norfolk Southern over damages to a pair of East Palestine, Ohio homes allegedly caused by the railroad company’s February 2023 train...
Jan 18 2024 // Georgia was, by far, the state with the most frozen pipe and water damage claims, State Farm Insurance reported as much of the country faces the first deep freeze for winter 2024.The insurer said in an article on its...
Jan 18 2024 // State Farm Insurance and its subsidiaries owe the state of Florida more than $2.6 million in back taxes and interest after a state appeals court ruled against the insurer on an interpretation of state and federal tax...
Dec 28 2023 // A federal appellate court reversed a trial court’s decision to certify a class of plaintiffs in a lawsuit that alleged State Farm Mutual Automobile Insurance Co. undervalued total-loss claims by Louisiana claimants.A...
Oct 16 2023 // The AM Best financial rating firm has downgraded its outlook for multiple State Farm insurance companies due to weather losses and regulations that the rating firm said hinder the insurance giant’s ability to...
Sep 25 2023 // The AM Best financial rating firm has downgraded its outlook for multiple State Farm insurance companies due to weather losses and regulations that the firm said hinder the insurance giant’s ability to adequately...
Jul 27 2023 // The collapse of a New York City garage in April was caused by the negligence of the owners of the building, according to State Farm, which is suing them to recover $1.5 million in payments to the garage’s customers...
Jul 19 2023 // A Georgia woman who was employed by State Farm Automobile Insurance Co. for 20 years is suing the insurer alleging she was discriminated and retaliated against because of her bladder disability.The employee, Elisa Brown,...
Jun 1 2023 // Several reasons were given within State Farm’s announcement last week the carrier was no longer writing new personal or business property/casualty policies in California – including a challenging reinsurance...
May 31 2023 // State Farm’s announcement last week that the carrier was no longer writing new personal or business property/casualty policies in California “reflects the poor underwriting experience for California...
May 27 2023 // An insurer group was quick to respond over the weekend after State Farm announced it will cease accepting new applications for business and personal lines property/casualty in California to deal with increased risks and...