State Farm Seeking Large Rate Increases in Wildfire-Prone California July 3, 2024 By Don Jergler and Chad Hemenway State Farm has applied for large rate increases in California, a year after the carrier got rate approvals of 7%...
AM Best Downgrades State Farm General Ratings April 1, 2024 Roughly a week after State Farm announced that it would nonrenew tens of thousands of homeowners and commercial apartment policies...
Louisiana’s Temple Seeks Reform in Response to State Farm’s California Changes March 28, 2024 By Ezra Amacher Louisiana Insurance Commissioner Tim Temple pointed to State Farm’s decision to non-renew policies in the California market as a warning...
State Farm Sets Another Record With $14B Underwriting Loss in 2023 March 4, 2024 By Susanne Sclafane A year after recording the largest underwriting loss in the company’s 100-year history, State Farm eclipsed it in 2023. The...
Idaho: Insurer that Settled with Tortfeasor Can’t Demand Subrogation Suit by Insured September 19, 2023 By Jim Sams An insurer that reached a settlement with a motorist who caused a crash cannot deny a underinsured motorist claim on...
State Farm Seeking to Recover $1.5M from Owners of Collapsed Garage July 27, 2023 By Andrew G. Simpson The collapse of a New York City garage in April was caused by the negligence of the owners of the...
Employee with Overactive Bladder Sues State Farm for Discrimination, Retaliation July 19, 2023 By Andrew G. Simpson A Georgia woman who was employed by State Farm Automobile Insurance Co. for 20 years is suing the insurer alleging...
California Insurance Market Rattled by Withdrawal of Major Companies June 7, 2023 By Michael R. Blood LOS ANGELES (AP) — Two insurance industry giants have pulled back from California’s home insurance marketplace, saying that increasing wildfire...
Increasing Cost of Claims Drives State Farm Out of Calif. Property Market May 30, 2023 By Insurance Journal staff An insurer group was quick to respond over the weekend after State Farm announced it will cease accepting new applications...
Insurers Leery of Hyundais and Kias Famous on Social Media for Being Easy to Steal February 1, 2023 By Jim Sams Social media influencers and an insurance industry think tank are giving Hyundai and Kia vehicles the worst kind of publicity:...