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State Farm Adds $2.2B of Auto Rate Cuts to $2B of Coronavirus Credits
State Farm Senior Vice President Kristyn Cook-Turner said. "As a result, we're looking for ways to continue supporting our customers while we monitor and adjust to trends." State ...
Source: BestWire   Date: May 18, 2020
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State Farm 2019 Net Income Drops 36.4% as Auto Business Sees $764 Million Underwriting Loss
Roszell Gadson told Best's News Service. The company lowered property/casualty earned premiums as part of its "focus on returning value to customers," it said in a statement. Chief ...
Source: BestWire   Date: February 28, 2020
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State Farm: Same Hacker Likely Behind Repeated Attempted Cyber ‘Credential Stuffing’ Attack
July 6 (Best's News Service, Aug. 8, 2019). According to California Office of the Attorney General records, it was the first of nine attempts that month. State Farm earlier said it ...
Source: BestWire   Date: August 9, 2019
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State Farm Says It Fended Off Data Attack
News Service, June 21, 2019). State Farm Group was the largest all-private passenger auto insurer in the United States in 2018, with a preliminary 17.06% market share, and the ...
Source: BestWire   Date: August 8, 2019
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AM Best Affirms Credit Ratings of State Farm Mutual Automobile Insurance Company; Takes Various Rating Actions on Subsidiaries
Mutual Insurance Company of Texas (Richardson, TX). In addition, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of "a-" of HiRoad Assurance Company (HiRoad). ...
Source: BestWire   Date: July 24, 2019
Judge Sides With State Farm, Dismisses Complaint Over Wildfires Coverage
Judge Edward Chen, of the U.S. District Court for the Northern District of California, dismissed most of the claims against State Farm and software developer Verisk Analytics Inc. ...
Source: BestWire   Date: July 12, 2019
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Progressive, Farm Bureau Seek Lower Auto Rates in Louisiana
Insurance Commissioner Jim Donelon. If approved, the decreases will take effect in late summer on new and renewed policies, according to a statement from Donelon's office. The ...
Source: BestWire   Date: June 17, 2019
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Berkshire, Progressive, State Farm Race for Top of US Auto Market
Dream on, State Farm responded. "We continue to lead in this highly competitive industry and serve more customers than any of our competitors," spokesman Roszell Gadson told Best's ...
Source: BestWire   Date: June 10, 2019
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State Farm CFO: Retention Improves as Company Expands Digital Services, Investments
June 10 annual meeting. "The essence of our very founding almost 100 years ago was innovating and adapting to customer needs and marketplace demands. It is required to be relevant ...
Source: BestWire   Date: May 31, 2019
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State Farm and USAA Vetting Auto Subrogation Blockchain to Speed, Simplify Claims
State Farm spokeswoman said. "The ultimate goal is to see if we can create a solution that can be adopted by the entire industry," Heather Paul told Best's News Service. "The value ...
Source: BestWire   Date: May 31, 2019
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State Farm Sees Drop in Hail-Related Losses in 2018
Insurance Information Association. Loss numbers for 2017 of $3.86 billion in hail-related homeowners and auto losses increased after the company had posted its 2017 top-10 hail ...
Source: BestWire   Date: March 20, 2019
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Alfa Takes in More Than 200 Claims After Severe Storms, Tornadoes Hit Southeast
Alabama and Georgia near the state line. That tornado was on the ground nearly 27 miles, and at its maximum was one mile wide, according to the National Weather Service. The ...
Source: BestWire   Date: March 6, 2019
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State Farm: Lower Auto, Property and Reinsurance Losses Spark P/C Underwriting $1.7 Billion Gain
State Farm Life and Accident Assurance Co.'s net income rose to $706 million from $492 million. Total life insurance in force at year end rose increased by $25 billion to $926.7 ...
Source: BestWire   Date: March 1, 2019
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State Farm Personal Auto Poised for Lower Rates in 2019
Lower rates took effect Feb. 11 in three states. In Arizona, a 3.1% average decline impacts 700,000 customers and is the second in a row. Missouri's 3.9% reduction is the third and ...
Source: BestWire   Date: February 15, 2019
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Louisiana Regulators Approve Third State Farm Auto Rate Cut in Nine Months
News Service, May 10, 2018). State Farm reduced auto rates in a number of states last year, including Alabama, Arizona, Maryland, New Jersey, Pennsylvania, Georgia and Colorado. It ...
Source: BestWire   Date: February 8, 2019
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FAA Allows State Farm to Expand Drone Use in Claims Process
Virginia Tech on drone safety case research. Since May, it has taken part in a FAA Integration Pilot Program, working with the partnership to assess risk and develop mitigation ...
Source: BestWire   Date: January 9, 2019
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A.M. Best Upgrades Issuer Credit Rating of State Farm Florida Insurance Company
...Term ICR remains positive. The ratings reflect SFFIC's balance sheet strength, which A.M. Best categorizes as adequate, as well as its adequate operating performance, neutral ...
Source: BestWire   Date: October 31, 2018
State Farm Agents to Offer Jackson National Life Annuities
State Farm agents will sell select Jackson National Life Insurance Co. annuity products as part of a new marketing alliance between the two insurers. Beginning in the second half ...
Source: BestWire   Date: October 4, 2018
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State Farm Scores Naming Rights to Arizona Cardinals Stadium
Super Bowl in 2023 and the NCAA men's basketball Final Four in 2024. State Farm would not disclose terms of the 18-year deal, which puts the State Farm name throughout what had ...
Source: BestWire   Date: September 7, 2018
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Jury Trial to Start Sept. 4 in $6 Billion RICO Lawsuit Against State Farm
David Herndon, of the U.S. District Court for the Southern District of Illinois, ordered the trial to start to resolve a class-action lawsuit brought by up to 4.7 million State ...
Source: BestWire   Date: August 31, 2018
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