All the headlines from our State Farm Topic Page, ordered by recency.
Oct 8 2001 // Despite efforts by the Texas Department of Insurance to stabilize the homeowners insurance market in the state, property/casualty insurers are bailing out of the Texas market or scaling back coverage, at least temporarily,...
Oct 8 2001 // A.M. Best Co. placed under review the A- (Excellent) financial strength rating of State Farm Lloyds, which is headquartered in Dallas. The action primarily reflects deterioration in the company’s capital position...
Sep 5 2001 // In spite of an ongoing influx of litigation, U.S. courts continue to reject class-action lawsuits involving diminished value, a concept referring to the difference between the value of a vehicle before and after it was...
Sep 3 2001 // The books are closed on 2000 Texas premium and loss information for the insurance industry. IIAT’s annual review of market share data contains a few surprises, some good news and some bad news. Here are the...
Aug 27 2001 // New Jersey’s Department of Banking and Insurance is seeking to prolong the state’s largest automobile insurer’s presence in order to give State Farm’s 800,000-plus customers time to find alternative...
Aug 21 2001 // New Jersey’s Department of Banking and Insurance is seeking to prolong the State’s largest automobile insurer’s presence for as long as possible in order to give State Farm’s 800,000 plus customers...
Aug 6 2001 // A Travis County judge has named Austin lawyer and former Texas Supreme Court candidate Karl Bayer to mediate a settlement in a mold-related lawsuit in which the jury slapped Farmers Insurance Group with a $32 million...
Jul 23 2001 // A recent study by Palm Beach Gardens, Fla.-based Weiss Ratings Inc. indicated that just eight large property and casualty insurers provide homeowners coverage to residents in hurricane-prone states. Weiss Ratings, a...
Jul 16 2001 // First, State Farm Indemnity announced plans to leave New Jersey’s auto insurance market; then it was a subsidiary of American International Group noting similar intentions. Several other companies are now...
Jul 13 2001 // A recent study by Palm Beach Gardens, Fla.-based Weiss Ratings Inc. indicated that just eight large property and casualty insurers provide homeowners coverage to residents in hurricane-prone states. Weiss Ratings, a...
Jul 9 2001 // An intersection in Frisco, Texas, near Dallas, made State Farm Insurance Company’s list of the 10 most dangerous intersections in the U.S. The intersection at State Highway 121 and Preston Road in Frisco was number...
Jul 2 2001 // State Farm Insurance researchers recently conducted a study detailing the country’s most dangerous intersections. Along the way, they found the funniest intersection names. The “funny” list was made...
Jun 18 2001 // One of New Jersey’s top five auto insurers is considering its options as a result of an announcement last week by State Farm Indemnity Co. which indicated it was withdrawing from selling auto insurance in the Garden...
Jun 14 2001 // State Farm Indemnity announced on June 12 that it intends to stop writing automobile business in New Jersey.The announcement was immediately followed by A.M. Best Co. downgrading the financial strength rating of the Wayne,...
Jun 13 2001 // State Farm Indemnity, New Jersey’s largest auto insurer, announced plans to withdraw from the market citing a failure to obtain regulatory reforms and consistently poor loss experience over the last three...
May 13 2001 // 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...
May 7 2001 // The Oregon Supreme Court is at it again, although on a much smaller scale.Less than two years after the Oregon high court called into question the validity of every ex-clusion in an insurance policy with its decision in...
Apr 23 2001 // I have to say one thing for those direct writers—they sure do their market research homework. I recently moved to a new address, and no sooner had I finished putting in new shelf liner than I got a fat envelope in the...
Apr 9 2001 // Last week, an Illinois state Appellate Court upheld most of a lower court’s verdict in a nationwide class-action lawsuit against State Farm Mutual Automobile Insurance Co. The court, in its affirmation of the trial...
Mar 19 2001 // The nonstandard auto market enjoyed above-average growth and profitability across the country through much of the 1990s. In fact, by the late ’90s, low entry barriers, including modest surplus levels required to...