State Farm CEO Jon Farney told employees March 19 that the company plans to consolidate all 13,000 of its Bloomington, Ill.-based associates into its Corporate South campus at 3 State Farm Plaza by the end of 2027. The move by the nation’s largest private passenger auto insurer to shrink its physical footprint comes as the […]
TPG, Allianz Lead $350 Million Investment in Cambridge Mobile Telematics
State Farm also participated in latest investment round. Cambridge Mobile Telematics, the telematics and AI platform used by major auto insurers including State Farm and Progressive, has received a $350 million strategic investment led by private equity firm TPG and Allianz X, the strategic investment arm of insurer Allianz Group. State Farm also participated in […]
California Approves State Farm’s 6.2% Auto Rate Reduction
The California Department of Insurance has approved State Farm Mutual Automobile Insurance Company’s request to reduce personal auto insurance rates by 6.2%, the company announced March 4. The rate cut takes effect May 8 for new business and renewals. Individual policyholder changes will vary depending on their specific policy. The approval follows a filing State […]
New Hampshire Drivers See Auto Insurance Rate Cuts From Major Carriers
Several major auto insurers have reduced personal auto insurance rates in New Hampshire, with approved decreases ranging from 3% to 11%, the New Hampshire Insurance Department announced March 5. The rate reductions are part of a broader national trend of declining personal auto premiums as claims severity and collision claims ease after years of sharp […]
Florida’s Top 5 Auto Insurance Groups Indicate Average 8% Rate Decrease for 2026
Insurance commissioner credits legislative reform for reductions. Florida’s five largest auto insurance groups are indicating an average rate decrease of 8% for 2026, Florida Insurance Commissioner Mike Yaworsky announced March 5. The five groups — Progressive, Berkshire Hathaway (GEICO), State Farm, Allstate and USAA — collectively represent 78% of Florida’s auto insurance market. One of […]
Alabama, Louisiana Insurance Commissioners Welcome State Farm’s $5 Billion Policyholder Dividend
Insurance regulators in Alabama and Louisiana are praising State Farm’s decision to return money to auto policyholders after the nation’s largest auto insurer declared its biggest customer dividend in company history. The dividend announcements follow State Farm’s Feb. 26 disclosure that its auto business swung to a $4.6 billion underwriting gain in 2025 — its […]
State Farm Reports $4.6 Billion Auto Underwriting Gain, Declares $5 Billion Customer Dividend
Insurer’s auto business swings to first underwriting profit since 2020, citing lower repair costs and fewer collisions. State Farm reported net income of $12.9 billion in 2025, more than doubling the $5.3 billion posted in 2024 and marking the company’s strongest annual result in recent history. The turnaround was driven by a return to underwriting […]
State Farm Joins OpenAI’s Frontier Platform as Launch Partner
State Farm announced a partnership with OpenAI, joining the artificial intelligence company’s Frontier enterprise platform as a launch partner. Joe Park, executive vice president and chief digital information officer at State Farm, said the insurer intends to use the platform to support its agents and employees. “State Farm is at a pivotal moment in reimagining […]
State Farm and Progressive Reduce Auto Insurance Rates Auto Rate Decreases in Tennessee, Louisiana
State Farm announced personal auto insurance rate decreases in Tennessee and Progressive will is lowering rates in Louisiana, continuing a trend of declining rates driven by reduced claims frequency. State Farm reduced auto rates by more than 10% on average in Tennessee, that took effect Dec. 15 for new business and will take effect mid-January […]
State Farm’s Teresa Candiloro Joins CAPA Board of Directors
The Certified Automotive Parts Association (CAPA) has elected Teresa Candiloro to its board of directors, the nonprofit collision repair parts certification organization announced Dec. 22. Candiloro is a property and casualty claims consultant with State Farm Insurance. She previously served as an estimatics section manager with the insurer and holds the Chartered Property Casualty Underwriter […]
- 1
- 2
- 3
- …
- 12
- Next Page »