All the headlines from our State Farm Topic Page, ordered by recency.
Apr 26 2002 // Gary Mendoza, Republican nominee for California Insurance Commissioner, expressed concern over State Farm General Insurance Co.’s announcement that it will no longer accept new homeowners business in the...
Apr 25 2002 // State Farm Insurance Company recently announced that it would no longer sell homeowners insurance in California due to the increasingly large payouts over the past two years, according to the Los Angeles Times.The company...
Apr 22 2002 // Saying the company’s top priority is to its current customers, State Farm has put a moratorium on issuing homeowners’ policies in California until further notice.“We’ve been facing some real...
Apr 15 2002 // S&P placed its “AAA” financial strength ratings on all State Farm’s interactively rated operating companies on CreditWatch with negative implications, primarily because of large losses in the...
Mar 25 2002 // State Farm Lloyds, the Dallas-based property insurance unit of State Farm Insurance Companies, received approval from the Texas Department of Insurance (TDI) to sell its nationwide homeowners policy, the HO-W, in Texas,...
Mar 11 2002 // Standard & Poor’s has placed its triple-‘A’ financial strength ratings on all State Farm’s interactively rated operating companies on CreditWatch with negative implications, primarily because...
Feb 25 2002 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on State Farm Lloyds (SF Lloyds), which writes homeowners insurance in Texas, to “A” from “AAA.” At the...
Jan 14 2002 // Jagdish Chandra of Fullerton was arrested by CDI investigators arrested on one count of insurance fraud and two counts of perjury. Chandra, 58, was booked into the Orange County Jail on a $10,000 bail felony warrant.An...
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the FutureThis is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth, for...
Dec 17 2001 // In Houston, U.S. District Judge Melinda Harmon ordered four defendants accused of defrauding State Farm Insurance by making false claims in hundreds of staged auto accidents to pay damages to the tune of $26...
Dec 13 2001 // Dan Dunmoyer, president of the Personal Insurance Federation of California (PIFC), announced that Daniel E. Kinney, California vice president-public policy for State Farm Insurance Companies, was elected Chairman of the...
Dec 11 2001 // The National Association of State Farm Agents Inc. filed suit recently against State Farm in Federal District Court on behalf of members, claiming breach of contract. The action was taken due to alleged raiding of the...
Dec 11 2001 // California Department of Insurance Fraud Investigators arrested a Fullerton man last week on one count of insurance fraud and two counts of perjury.Jagdish Chandra, 58, was booked into the Orange County Jail on a $10,000...
Dec 10 2001 // Auto insurers across the state are making a beeline for Sacramento with their Christmas wish list for rate hikes following several years of rate cuts for California motorists.Those insurers who were chopping rates two or...
Nov 21 2001 // The ongoing battle between New Jersey’s automobile insurers and the State’s politicians and regulators recorded two new developments yesterday with the announcement that Liberty Mutual Fire Co. and its...
Nov 21 2001 // Canton, Mich.-based National Association of Professional Allstate Agents (NAPAA) filed a lawsuit in U.S. District Court in Tampa, Fla. against Allstate Insurance Co., claiming that the insurer breached its agreement with...
Nov 13 2001 // A Utah Supreme Court decision reinstating a $145-million punitive damages award against State Farm Mutual Automobile Insurance Co. in a bad-faith case also upheld “irrelevant” admission of evidence that...
Nov 12 2001 // New Jersey’s Department of Banking and Insurance reached a compromise agreement with State Farm Indemnity, the State’s largest automobile insurer, which will permit it to raise premiums by 7 percent overall;...
Oct 24 2001 // State Farm made another big investment in the reinsurance market, when it agreed to provide an additional £100 Million ($142.5 million) in capital to Lloyd’s Amlin syndicate in which it is a major...
Oct 9 2001 // State Farm auto insurance policyholders in Oregon, who are accustomed to seeing annual dividend checks, instead will see an average 5.4 percent raise in rates starting Nov. 1, the company said earlier this week.According...