The nation’s largest private passenger auto insurer has not actively sold insurance in the Commonwealth for many years. State Farm announced last week it will begin selling insurance products in Massachusetts in early 2027, marking the company’s return to a state it has not actively served for years. The largest private passenger auto insurer in […]
State Farm Partners with Volvo to Offer Insurance During Vehicle Purchase
State Farm and Volvo Car Financial Services announced a partnership Oct. 8 that will allow Volvo customers to obtain car insurance quotes while shopping for vehicles. The collaboration integrates insurance options into the vehicle purchase process at Volvo dealerships nationwide, connecting buyers with State Farm agents during the shopping experience. “Making insurance straightforward and simple […]
State Farm Expands Mobile Accident Detection and Response Tech
Revamped app features include location tracking and emergency services integration. State Farm is rolling out enhanced accident response technology across Illinois and Florida as the largest private passenger auto insurer in the U.S. says mounting claims from distracted driving and severe weather incidents reshape the auto insurance landscape. The company’s revamped app now offers real-time […]
State Farm Awarded $105,000 to 16 Collision Repair Schools through CREF Grant Program
State Farm has awarded $25,000 to a collision repair program in western New York as part of its effort to address a skilled collision repair technician shortage affecting the industry. The Erie 2 Chautauqua-Cattaraugus BOCES LoGuidice Educational Center (E2CCB) in Fredonia, N.Y. received the funding through the Collision Repair Education Foundation (CREF) Benchmark Award funded […]
State Farm Reports Declining Animal Collisions
New data shows a reduction in animal collision claims, but autumn months remain most dangerous. State Farm has released new data estimating 1.7 million auto insurance claims in the U.S. from animal collisions from July 1, 2024, to June 30, 2025, a slight decline from 1.8 million the previous year. Deer-related incidents accounted for more […]
State Farm Expands Estimating Platform Options Nationwide for Select Service Network
Insurer to offer choice between CCC One and Mitchell Cloud Estimating following successful Ohio pilot program. State Farm announced September 8 that it will expand estimating platform options for its Select Service collision repair network nationwide, building on a successful pilot program launched in 2024. The nation’s largest private passenger auto insurer will now allow […]
Progressive Edges Out State Farm to Claim Lead in US Total Auto Premiums Written
Direct premiums written for private passenger and commercial auto insurance at Progressive up over 22%. Progressive Insurance Group ascended to the top of the U.S. total automobile insurance ranking list that combines private passenger and commercial insurance with a 16.4% market share in 2024, just edging out former No. 1 State Farm Group’s 16.2% market […]
State Farm Reports Improved 2024 Financial Results Amid Continued Underwriting Losses
Auto insurance business sees significant improvement as underwriting losses narrow compared to 2023. State Farm reported net income of $5.3 billion in 2024, a sharp turnaround from the $6.3 billion net loss in 2023. Despite continued underwriting losses in its auto and homeowners insurance businesses, the property and casualty (P-C) group of companies benefited from […]
Ken Worzel Elected Non-Executive Chair of State Farm Board of Directors
The Board of Directors of the State Farm Mutual Automobile Insurance Company has elected Kenneth J. Worzel to serve as Non-Executive Chair of the Board. Worzel will work closely with President and CEO Jon Farney, who runs the business operations of the company and is a member of the Board. “I look forward to continuing […]
Montana Announces $5 Million in Additional Payments to Consumers Following State Farm Review of Auto Loss of Use and Third-Party Liability Claims
Troy Downing, the Montana Commissioner of Securities and Insurance (CSI) reported that State Farm Mutual Automobile Insurance Co. has reviewed an additional 18,000 claims after being fined $4 million in a CSI administrative action for unfair claims settlement practices. These reviews resulted in an additional $5.2 million paid to Montanans impacted by State Farm’s improper […]
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