All the headlines from our State Farm Topic Page, ordered by recency.
Jul 21 2009 // A court has upheld Florida Insurance Commissioner Kevin McCarty’s denial of a 47.1 percent home insurance rate hike requested last July by State Farm Florida.According to the Florida Office of Insurance Regulation...
Jul 16 2009 // State Farm Lloyds has submitted a rate filing to the Texas Department of Insurance to increase its homeowner’s insurance rates in Texas by a statewide average of 8.5 percent, beginning Oct. 1 for existing customers...
Jul 15 2009 // After months of trying, Florida state officials and State Farm Florida have been unable to agree on the details of the insurer’s plan for withdrawing from the state, so steps have been taken to have an administrative...
Jul 15 2009 // Today is an important deadline in the process of settling the terms of State Farm’s withdrawal from the Florida insurance market.Representatives of Florida insurance regulators and State Farm Florida had hoped to...
Jul 10 2009 // The Texas Supreme Court recently upheld an appeals court ruling that favors the insured in a dispute over the scope of an appraisal clause in a homeowners insurance policy.Delivering the written opinion of the Court in...
Jul 10 2009 // State Farm received the top honor and Liberty Mutual received the most Best of Show awards at the Insurance Marketing and Communications Association (IMCA) 2009 Showcase Awards, held during the IMCA Annual Meeting on June...
Jul 6 2009 // Florida Insurance Commissioner Kevin McCarty said the 54 property insurers backed by nearly $5 billion in capital that have been admitted to the state since 2006 can’t be expected to absorb all of the policies left...
Jun 24 2009 // Siding with domestic insurers, consumer groups and the state insurance regulator, Florida Gov. Charlie Crist today vetoed a bill designed to keep State Farm from leaving and attract other large insurers to the state by...
Jun 22 2009 // Florida’s biggest private insurer of property, State Farm Florida, has told Gov. Charlie Crist it would “be willing to re-examine its options” and its decision to leave the state’s home insurance...
Jun 18 2009 // A.M. Best Co. has downgraded the financial strength rating to B (Fair) from B+ (Good) and issuer credit rating to “bb” from “bbb-” of State Farm Florida Insurance Co.The rating agency’s...
Jun 16 2009 // The years-long struggle between the State of Texas and State Farm Insurance Company over homeowners insurance overcharges may be coming to a close soon, as Texas Insurance Commissioner Mike Geesling is expected to rule on...
Jun 5 2009 // If Florida Gov. Charlie Crist vetoes a bill designed to deregulate pricing for large national property insurers as appears likely, he will be siding with an appointed official over an influential lawmaker.Crist, who is...
Jun 2 2009 // An insurer can’t cite the commonly used earth movement exclusion to deny coverage to an insured whose property was damaged by excavation to a neighboring lot, a New York Appeals Court has ruled.The case pitted the...
Jun 1 2009 // Mississippi Attorney General Jim Hood has asked a court to block renewed efforts to make public a settlement agreement between his office and insurer State Farm Fire & Casualty Co. that was part of their feud over...
Jun 1 2009 // AIGAmerican International Group agreed to sell its prime real estate holding in Tokyo for approximately $1.2 billion in cash to Nippon Life Insurance Co. The property consists of one acre of land on which The AIG Otemachi...
May 18 2009 // Not all deregulation measures are good; some are a mixed blessing. Consider HB 1171 that passed the Florida House and Senate and was sent to Gov. Charlie Crist, a regular critic of the industry who was reportedly hesitant...
May 15 2009 // The man who is letting insurance giant State Farm exit the state, which some fear will foster a property insurance disaster in Florida, gave the insurer an award this week for innovation and disaster mitigation.State Farm...
May 14 2009 // State Farm’s 3.3 million California auto insurance policyholders will soon see a decrease in their premiums, as the California Department of Insurance approved an 8 percent, $219 million rate cut.The 8 percent rate...
May 13 2009 // Representatives of Florida insurance regulators and State Farm Florida believe they will be able to resolve their differences over how the insurer may exit the state’s insurance marketplace by June 15.Lawyers for the...
Apr 15 2009 // Oklahoma’s largest insurer expects to see more than $10 million in home and automobile damage claims from recent wildfires.State Farm Insurance spokesman John Wiscaver said the company is working on more than 1,000...