state farm News

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 …

Insurers Ready Adjusters for Harvey Cat Losses

Teams of insurance adjusters were mobilized Friday in Texas cities closest to Hurricane Harvey’s expected path of destruction. Hurricane Harvey made landfall late Friday evening as a category 4 hurricane. According to AIR Worldwide, “the eye of the storm crossed …

New Hampshire Bill Returns Power to Local Police to Share Crash Reports

Local police departments will likely continue to hand out vehicle accident reports after some confusion over whether they or New Hampshire’s Department of Motor Vehicles should have that power. The Senate Judiciary Committee voted Tuesday to back a bill clarifying …

How to Sue Yourself and Win

The new American horror film “Split”, directed by M. Night Shyamalan, recently in theaters, is a psychological thriller which centers on a bizarre antagonist with 23 separate personalities. Without spoiling the plot, suffice it to say that it focuses on …

Insurers’ Use of Cell Tower Data in Fraud Cases Questioned

It took Jaclyn Bentley nearly three years to prove she didn’t burn her house down for the insurance money, allegations she and her lawyer say were born of the junk practice of analyzing cellphone tower data. She was camping with …

State Farm Suffers $7B Auto Underwriting Loss, Profits Decline 94%

State Farm Mutual Automobile Insurance Co., the largest U.S. property/casualty insurer, said annual profit fell 94 percent on car insurance claims costs. Net income dropped to $400 million from $6.2 billion in 2015, when results included one-time gains in the …

State Farm: Top 5 States for Deer Collision Claims

In many U.S. states, drivers are all too familiar with deer crossing signs, but do they really know how close the danger may be? State Farm has released its annual deer claim study, which ranks states by the potential drivers …

Federal Agencies Propose New Plan to Tackle Drowsy Driving

Drowsy driving’s annual societal costs are estimated to be $109 billion, according to the National Highway Traffic Safety Administration (NHTSA) and Governors Highway Safety Association (GHSA). The figure is likely higher given that it doesn’t include property damage costs. With …