Latest State Farm Headlines

All the headlines from our State Farm Topic Page, ordered by recency.

State Farm: Weather Claims This Year Reach $5 Billion

Sep 26 2011 // State Farm Insurance has paid $5 billion to its customers for weather-related catastrophes — damage to cars, homes and other property so far this year — the largest U.S. insurer of homes and cars said...

Florida’s Household Exclusion Upheld

Sep 19 2011 // Florida’s highest court has upheld the so-called “household exclusion” clause in automobile policies that states the injuries suffered by family members residing with an insured driver are not covered...

Marsh Hires State Farm Executive Pieroni as Chief Operating Officer

Sep 16 2011 // Global insurance broker Marsh has appointed Bill Pieroni to the role of chief operating officer, effective Sept. 19. Pieroni comes from State Farm where he served as senior vice president. In his new role at Marsh, he will...

State Farm Seeks 10% Homeowners Rate Hike in Texas

Sep 14 2011 // State Farm Insurance has filed notice seeking an average 10 percent increase in Texas homeowner rates.But company officials say discounts will be boosted to hold the actual premium hike to 1.4 percent statewide. The Dallas...

Florida Supreme Court Upholds Household Exclusion in Auto Policies

Sep 1 2011 // Florida’s highest court has upheld the so-called “household exclusion” clause in automobile policies that states the injuries suffered by family members residing with an insured driver are not covered...

Insurance Industry Mobilizes for Hurricane Irene Claims

Aug 26 2011 // In addition to advising their policyholders on what to do to protect against Hurricane Irene, property/casualty insurers and brokers are themselves taking precautions—and positioning their claims teams for the...

Washington Auto Glass Fraud Perpetrator Ordered to Pay

Aug 23 2011 // A Burien auto glass company owner who was sentenced for insurance fraud last week now has been ordered to pay more than $1.6 million in restitution to several insurance companies for the overbilling scam.Michael Alan...

Indiana Republicans Vote to Privatize State Farm

Aug 15 2011 // Indiana House Speaker Brian C. Bosma, R-Indianapolis, along with other House Republican legislators, hailed the passage of a bill to privatize giant State Farm Insurance.“This is yet another victory in our campaign...

State Farm to Monitor Some Drivers, Adjust Rates

Aug 11 2011 // State Farm Insurance plans to give its Illinois customers a chance to lower, or raise, their rates depending on their driving habits.The Bloomington-based insurer said that in September it will start putting a monitoring...

State Farm to Reduce Size of N.J. Operations Center

Jul 28 2011 // State Farm Insurance Company says it plans to reduce the size of a New Jersey operations center, sending about 500 jobs to New York and Pennsylvania.The company said it intends to downsize its Parsippany office over the...

Auto-Glass Installer Sentenced in $1.6 Million Insurance Fraud

Jul 21 2011 // A Burien, Wash., auto glass company owner has been sentenced to jail for a billing scheme that’s believed to have cost insurers more than $1.5 million, reports the state insurance commissioner.Michael Alan Perkins,...

State Farm Wants 8% Homeowners Rate Increase in Louisiana

Jun 22 2011 // State Farm Fire & Casualty Co., Louisiana’s largest insurer of homes, is asking state insurance regulators for permission to boost premiums by an average 8.5 percent.In a filing released by the state insurance...

Another Insurer, State Farm, Reports Major Spring Storm Losses

Jun 17 2011 // State Farm claim representatives said it has paid nearly $1.75 billion to its customers from the destructive storms of April and May. The total claim payments have nearly doubled in less than three weeks.Earlier this week,...

Chicago-based Insurance Association, State Farm Distribute $10K in Scholarships

Jun 9 2011 // The Chicago chapter of the National African-American Insurance Association (NAAIA) announced that its Chicago corporate sponsor, State Farm, presented scholarships to 10 academically-outstanding youth representing area...

Best Upgrades State Farm General Insurance Co.’s Ratings

Jun 9 2011 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of State Farm General...

State Farm Storm Claims in Hundreds of Thousands

Jun 6 2011 // 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. Around 284,000 of the claims are from...

State Farm Storm Claims in Hundreds of Thousands

May 31 2011 // 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...

Best Affirms Top Layer Re’s ‘A+’ Ratings

May 26 2011 // 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...

Insurers Fight over Flood Policies Dropped by State Farm

May 16 2011 // Major U.S. insurers are pushing to gain control of 800,000 former State Farm flood insurance policies as lawmakers contemplate reforms to the nation’s flood insurance system.The conflict began last year when State...

State Farm to Close Offices in Illinois, Indiana, Michigan

May 11 2011 // 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...