State Farm battled losses Insurer made cuts as income droppedKathy McKinney
Jan 25, 2023 Analyzing Toyota’s growth strategy: How the auto giant is building the vehicle of the future Expert Collections containing State Farm Insurance Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces. ...
Jim Ryan, who joined State Farm as an innovation executive at the start of 2023, spoke with Digital Insurance about his ideas for how to innovate technology and operations at the carrier, how telematics will continue to change auto coverage, and how tech
If you have a State Farm insurance policy, the easiest way to initiate a claim is through the company website. Once you log in, go to the claims section and provide details about your accident to get started. You can also use the State Farm mobile app, call the company’s claims line...
State Farm Posts Worst HO Loss Ratio Since 2011; Peers Recover: S&P September 26, 2024 State Farm was the only one of 10 major players in the homeowners insurance market reporting a worse second-quarter loss ratio for the line than it did in 2023, according to a new analysis. The outlier...
In February 2023, State Farm issued its 2022 financial results, in which it reported its poorest auto insurance year in the company's history due to accident claim severity. However, despite the losses in auto insurance, State Farm remained financially strong and has maintained its financial stren...
As 2023 comes to a close, it’s a perfect time to review your insurance and ensure you're set for the year ahead. At Ron Culp State Farm, we proudly serve Overland Park, Lenexa, Leawood, and the surrounding areas for all your insurance needs. With winter weather and holiday travels on...
State Farm spokesman Phil Supple said the company, which already has paid more than $1.1 billion in property claims stemming from Katrina, is “committed to paying what we owe.” “Although we have not seen the complaint, it’s clear that Mr. Scruggs’ characterizations, like many others he...
However, the company’s car insurance segment took a significant hit primarily due to inflation, which pushed up the cost of auto parts. In its latest financials, State Farm disclosed that it has incurred around $13.2 billion in underwriting losses. This prompted the insurer to increase rate...
About State Farm: For over 100 years, the mission of State Farm has been to help people manage the risks of everyday life, recover from the unexpected and realize their dreams. State Farm and its affiliates are the largest providers ofautoandhomeinsurance in the United States. Its more than...