The U.S. property/casualty industry recorded $31.2 billion in net underwriting income in the first half of 2026, nearly three times the $10.9 billion posted in the same prior-year period, according to a new AM Best report. The industry’s combined ratio improved four points to 92.5. A combined ratio below 100 indicates an underwriting profit. Incurred […]
State Farm’s Tom Bergeron Joins Plasnomic Plastic Repair Alliance Council
Tom Bergeron, manager of State Farm’s Vehicle Research Facility, has joined Plasnomic’s Plastic Repair Alliance Council, the organization announced Aug. 25. Bergeron is the fourth insurer representative to join the council since January, following Allstate Auto Technical Claims Director Mike Bundra in January, Allianz UK Network Manager Michael Golding in February and GEICO Senior Director […]
State Farm Continues Habitat for Humanity Partnership with Youth and Disaster-Resilience Funding
State Farm will continue its national partnership with Habitat for Humanity International this year, directing funding to youth engagement programs, disaster-resilient home construction and a campaign marking the housing nonprofit’s 50th anniversary, the organizations announced Aug. 11. State Farm has contributed more than $22 million to Habitat since 1994, a figure that includes additional investments […]
State Farm Begins Issuing $5 Billion Policyholder Dividend
State Farm Mutual Automobile Insurance Company has begun issuing payments on its one-time $5 billion cash dividend to qualifying auto customers, the largest policyholder distribution in the insurer’s history. Millions of customers have already received individual payments. The dividend covers more than 49 million insured vehicles and is being distributed in waves. Each payment is […]
Auto Physical Damage Premiums Decline in Texas and Florida as Overall Total Rises 1.3%
Florida’s 5.3% drop was the largest among the 50 states, while No. 1 California gained 5.4% to $24.21 billion. Auto physical damage direct premiums written fell last year in two of the five largest states for the line, even as premiums across all reporting jurisdictions rose 1.3% to $177.4 billion, according to a Best’s Rankings […]
State Farm Adds Crash Data Sharing for Toyota and Lexus Claims
Eligible customers driving 2020 or newer Toyota/Lexus models can opt in to share accident data to help facilitate claims processing. State Farm has begun offering owners of 2020 or newer Toyota and Lexus vehicles the option to share crash data directly from their cars to help process auto insurance claims, under a new collaboration with […]
State Farm Cuts Texas Auto Rates 4.1%, Adds $105 Per-Vehicle Dividend
State Farm will reduce auto insurance rates for Texas drivers by an average of 4.1 percent and pay qualifying Texas customers an average dividend of $105 per vehicle, the company announced. New-business policies reflect the lower rates beginning April 15, and renewal policies follow June 4. The reduction represents more than $250 million in lower […]
Progressive Closes Gap with State Farm as Top U.S. Auto Insurers Reshape Market in 2025
Private passenger auto insurance premiums earned surpass $369 billion. Total direct premiums earned on private passenger auto insurance reached $369.6 billion in the U.S. in 2025, up 5.6% from $349.9 billion in 2024, according to data released March 18 by the National Association of Insurance Commissioners (NAIC). The growth rate moderated significantly compared to recent […]
State Farm to Consolidate 13,000 Bloomington Employees Into Single Campus by End of 2027
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 […]
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