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 […]
State Farm Approved for 5.9% Auto Insurance Rate Decrease in Louisiana
State Farm has received approval from Louisiana Insurance Commissioner Tim Temple for a 5.9% average rate decrease on personal auto insurance, the Louisiana Department of Insurance announced Dec. 11. The change affects more than 1,066,000 policyholders and takes effect Jan. 1, 2026. State Farm is the largest personal auto insurer in Louisiana with approximately 30% […]
State Farm Files for 6.2% Auto Rate Reduction in California
State Farm Mutual Automobile Insurance Company has filed for a 6.2% auto insurance rate reduction in California, the latest in a series of rate cuts the insurer has implemented across multiple states. The filing, submitted to the California Department of Insurance, would take effect Feb. 23, 2026, pending regulatory approval. The reduction applies to personal […]
State Farm to Enter Massachusetts Insurance Market in 2027
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 […]
- « Previous Page
- 1
- 2
- 3
- 4
- …
- 12
- Next Page »