Company says new vehicles and technology, changing repair methods, and increasing severe weather events change the skills and capabilities required of claims professionals. State Farm plans to expand its claims workforce by approximately 10%, or about 3,000 employees, during 2027, the insurer announced Sept. 25, adding capacity to an operation that handles nearly 11 million […]
State Farm Paid $1.9 Billion in Animal Collision Claims as National Odds Improve
Odds of striking animals declined compared to previous 12 month period. State Farm paid $1.9 billion in animal-vehicle collision claim costs in the 12 months ended June 30, according to state-by-state data the insurer released Sept. 15, while the national odds of a driver striking an animal improved to 1 in 145 from 1 in […]
State Farm Backs Wildlife Crossing Reauthorization as Animal Claims Fall to 1.6 Million
State Farm said Sept. 15 that it supports federal funding for wildlife road crossings, including enactment of the Wildlife Road Crossings Program Reauthorization Act of 2025, and estimated that more than 1.6 million auto insurance claims industry-wide involved animal collisions in the 12 months ending June 30. The figure is down from the 1.7 million […]
U.S. Property/Casualty Industry Nearly Triples Underwriting Income to $31.2 Billion in First Half
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 […]
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