All the headlines from our State Farm Topic Page, ordered by recency.
Apr 21 2003 // Beginning June 15, State Farm homeowner policyholders in Louisiana will face a 12.2 percent rate increase averaging about $100 more per year. According to the New Orleans Times Picayune, the Louisiana Insurance Rating...
Apr 18 2003 // New York Superintendent of Insurance Gregory Serio announced the arrest of Ricky DeSantis of Rochester, who was charged with insurance fraud, attempted grand larceny and falsifying business records.It is alleged that on...
Apr 15 2003 // Oklahoma Insurance Commissioner Carroll Fisher approved an application by State Farm Insurance to use emergency adjusters to expedite claims settlements following weekend storms that caused wind and hail damage across his...
Apr 7 2003 // A jury award that would have forced State Farm Insurance Cos. to pay a Utah man $145 million in punitive damages has been overturned by the U.S. Supreme Court.Insurance trade groups said the 6-3 decision was a win not only...
Mar 10 2003 // Mendocino County Superior Court Judge Richard Henderson recently overturned a jury’s $6 million award to former State Farm agents Rich Pyorre and John Wier, of Fort Bragg and Crescent City, Calif., respectively, in a...
Mar 10 2003 // Two men were arrested and charged with felony insurance fraud and grand theft after being investigated by the Special Investigation Unit within State Farm Insurance and the California Department of Insurance (CDI) Fraud...
Mar 4 2003 // A.M. Best Co. has lowered the financial strength rating to A+ (Superior) from A++ (Superior) of Bermuda-based Top Layer Reinsurance Ltd. and maintained a stable outlook on the company.The lowering of this rating is a...
Feb 10 2003 // The times they are a’changin’.” Bob Dylan’s 60’s refrain could be the theme song for a new spirit moving through the ranks of the insurance industry’s exclusive (captive) agents. The...
Feb 10 2003 // In December 2002 the U.S. Supreme Court heard arguments in the case of Campbell vs. State Farm. Four of the justices voted to hear the case. They will render their decision by the end of the current term in June, and a lot...
Feb 10 2003 // The times they are a’changin’.” Bob Dylan’s 60’s refrain could be the theme song for a new spirit moving through the ranks of the insurance industry’s exclusive (captive) agents. The...
Jan 22 2003 // Acting Louisiana Commissioner of Insurance Robert Wooley announced that State Farm will issue new information to Louisiana policyholders clarifying the company’s prior notice on mold and fungus claims.Over the past...
Jan 20 2003 // A Mendocino Country Superior Court judge has overruled the jury verdict in the case of two former State Farm agents vs. State Farm Mutual Automobile Insurance Company (IJ West, Sept. 2, 2002).Richard Pyorre and John Wier,...
Jan 13 2003 // Dan Dunmoyer, president of the Personal Insurance Federation of California (PIFC), announced that Daniel E. Kinney, California vice president-operations for State Farm Insurance Companies, will continue serving as the...
Jan 6 2003 // Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division announced the arrest of Mike I. Masarweh, 36, owner of All Pro Mechanicx, a San Francisco auto repair...
Jan 6 2003 // Mississippi Insurance Commissioner George Dale announced that State Farm Fire and Casualty Co. was granted modified rate hikes for homeowners insurance consisting of a 19.9 percent increase statewide, and a 25 percent...
Dec 16 2002 // A $100 million settlement was reached between the Texas Department of Insurance (TDI) and the Office of Attorney General (OAG) and Farmers Insurance Group on Nov. 30, under which Farmers will continue to offer homeowners...
Dec 16 2002 // S&P’s lowered its counterparty credit and financial strength ratings on all members of the State Farm Group of Insurance Companies (State Farm) except State Farm Lloyds to “AA” from “AA+”...
Dec 6 2002 // A notification from State Farm to its Louisiana homeowner customers citing an exclusion of mold coverage is misleading, according to acting Commissioner of Insurance Robert Wooley. Wooley said the company has notified its...
Dec 5 2002 // State Farm and the Minnesota Department of Commerce – Insurance Division-have ended an 18-month investigation into the company’s auto and homeowners insurance rates by reaching an agreement that the insurer...
Nov 29 2002 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on all the members of the State Farm group of insurance companies (State Farm) except State Farm Lloyds to ‘AA’...