state farm News

State Farm Announces Auto Insurance Rate Cut for Louisiana Customers

Louisiana’s largest auto insurer will cut its rates starting in April by an average of 3.2 percent for its roughly 1 million Louisiana policyholders. Insurance Commissioner Jim Donelon announced the rate decrease for State Farm on Thursday. It’s the company’s …

Report: Missouri Ranks Third Worst for Driver Safety Laws

A new report ranks Missouri near the bottom of all states for driver safety laws, at a time when distracted driving is happening at a high rate. Advocates for Highway and Auto Safety, a national roadway safety coalition, has released …

State Farm Gets OK for Long Range Drone Flights to Assess Hurricane Damage

The Federal Aviation Administration (FAA) recently granted a waiver to State Farm to allow the insurer the ability to inspect damage caused by Hurricane Florence. The approval, received just last week, allows State Farm to operate drones on longer range …

State Farm Changes Advertising Direction With NFL, NBA Stadium Deals

One of the sports world’s biggest advertisers, State Farm doubled down last week, buying the naming rights for the home venues of the Atlanta Hawks and Arizona Cardinals. State Farm Arena and State Farm Stadium, commitments of 20 and 18 …

Insurers’ Drone Use Picks up After 2017 Hurricane Season

Insurers’ use of drones to inspect property claims came into full swing in 2017, after the FAA began issuing permission allowing commercial firms to operate unmanned aerial vehicles in designated U.S. airspace. Nearly a year later, while some insurers remain …

Business News: Plymouth Rock, State Farm, Ametros

Plymouth Rock Assurance Enters New York State Auto Insurance Market On the heels of its expansion into Pennsylvania, Plymouth Rock Assurance will introduce drivers in the Empire State to its unique product and service offerings like the Crashbusters mobile claims …

State Farm: Top 10 States for Homeowner Hail Damage Claims

With an average of 3,000 hailstorms annually in the United States, it’s no surprise that in 2017, State Farm paid more than $3 billion in hail claims to homeowners in the U.S. Hailstorms often occur with thunderstorms, tornadoes, and other …

Cat Loss Update: 3 Weeks Post-Harvey

Three weeks after Hurricane Harvey made landfall in Texas, claims tallies and the storm’s financial impact are beginning to be calculated. The Insurance Council of Texas estimated $19 billion in insured losses resulting from Hurricane Harvey. The ICT reports massive …

Fewer Ladders, More Drones Being Used to Adjust Harvey Claims

Insurance adjusters are bringing more drones with them than ever before as they head to Texas to assess the damage from Harvey. Companies are using the drones on a much larger scale to record images, save time and spare human …

Adjuster Tallies Harvey’s Price One Storm-Damaged Home at a Time

Craig Reeves had been in Rockport, Texas, barely 48 hours when he ducked into the gloomy threshold of the condominium, which was darkened by blinds pulled before Hurricane Harvey and filled with a humid, mildewy funk. Reeves, a catastrophe claims …