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61 through 80 of 1,104 matching documents, newest pages first.   Sort by relevance

Aon: Insurers’ Tab for Recent String of US Severe Storms to Hit Hundreds of Millions
South Carolina and Florida. State Farm took in 6,700 claims through April 8, including 1,000 each from Florida and Georgia and nearly 950 from Texas. Wind damage accounted for ...
Source: BestWire   Date: April 11, 2022
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Auto Carriers Hike Premiums in Arizona by Up to 19.95% as Claims Severity Climbs
State Rate Filings, as of March 21. Kemper has instituted the greatest effective rate increases so far this year in Arizona: 19.95% at Alpha Property & Casualty Insurance Co., 16% ...
Source: BestWire   Date: March 23, 2022
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Update: Experts Estimate $3 Billion Loss, Cite Challenges After Tornadoes Slam Kentucky
...Adds loss estimate and comment from CoreLogic.) Insurers likely incurred $3 billion of losses from the severe Dec. 9-12 storm that spun off multiple strong tornadoes, according to ...
Source: BestWire   Date: December 14, 2021
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Aon: Devastating US Storm, Powerful Tornadoes Cause Insurance Loss in Billions
United States, Aon said. The tornado that largely leveled Mayfield, Kentucky, including a candle factory with more than 100 employees inside, looks like it started in northeast ...
Source: BestWire   Date: December 13, 2021
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AM Best Affirms Credit Ratings of State Farm Mutual Automobile Insurance Company and Most of Its Subsidiaries
Farm County 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-" (Excellent) of State Farm ...
Source: BestWire   Date: August 13, 2021
Florida Governor Vetoes No-Fault Repeal Bill
...Santis said the repeal bill, S.B. 54, would have caused other problems. "While the PIP system has flaws and Florida law regarding bad faith is deficient... SB 54 does not address ...
Source: BestWire   Date: June 30, 2021
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FAA Expands State Farm Drone Usage Following Drone/Auto Collision Testing
The waiver will speed assessments in neighborhoods struck by catastrophe. Previously a claims assessor/drone operator had to ground the drone, walk across the street to another ...
Source: BestWire   Date: April 9, 2021
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State Farm Annual Net Income Drops 33.9% Amid $4.2 Billion of Auto Rate Cuts, Givebacks
State Farm Mutual Automobile Insurance Co. currently have a Best's Financial Strength Rating ranging from A++ (Superior) to B++ (Good). (By Renée Kiriluk-Hill, associate editor, ...
Source: BestWire   Date: February 26, 2021
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State Farm First Super Bowl Ad Caps Run With Jake and Game QB Mahomes
State Farm makes its first Super Bowl game appearance Feb. 7 with Patrick Mahomes, who will also take the field between commercials with the defending champion Kansas City Chiefs. ...
Source: BestWire   Date: February 5, 2021
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Industry Observer: Progressive and State Farm NFL Quarterback Ads Could Hike Market Share
Baker Mayfield, Aaron Rodgers and Patrick Mahomes. Online searches, which predict eventual changes in market share, spiked for the brands and products by as much as 300% after the ...
Source: BestWire   Date: January 27, 2021
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New York DFS Settles With Four P/C Carriers for $12.7 Million in Fines, Restitution
New York, regulators said. Under the agreement, Allstate Insurance Group, State Farm Insurance Group, AIG Property Casualty Co., and Tri-State Consumer Insurance Co., paid a ...
Source: BestWire   Date: November 3, 2020
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State Farm Plans Expansion to Nonstandard Auto Market With $400 Million Gainsco Acquisition
State Farm Mutual Automobile Insurance Co. plans to enter the nonstandard auto market by acquiring Gainsco Inc. in a $400 million cash deal. The carrier specializes in ...
Source: BestWire   Date: September 17, 2020
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AM Best Affirms Credit Ratings of State Farm Mutual Automobile Insurance Company and Most of Its 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: August 14, 2020
State Farm Cuts Auto Rates Across US, With Ohio Reduction of 14.3%
The Ohio rate cut will save 1.9 million State Farm customers a total of $174.1 million, it said. The rate reduction would apply to current customers at policy renewal, as well as ...
Source: BestWire   Date: August 10, 2020
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USAA’s Total Auto Policy Giveback Now Exceeds $1 Billion
Peacock said in a statement. During the first three months of the pandemic USAA returned 20% of premium, or $800 million. Other insurers have extended givebacks with re-openings ...
Source: BestWire   Date: August 4, 2020
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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

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