Majority opinion says policy language restricting an insured’s ability to assign the benefits of their claim to a collision repair facility is ambiguous, overturning a lower court ruling to dismiss the case. The New Hampshire Supreme Court on Tuesday overturned a lower court ruling that in favor of State Farm to dismiss a breach of […]
Allstate Receives Private Passenger Auto Physical Damage Rate Increase in California
The increase is the first for Allstate in nearly five years and first for the industry in more than two years since the start of the pandemic. On October 30, the California Department of Insurance (CDI) approved Allstate’s request for a 6.9% increase in its personal auto liability and physical damage rates. The CDI has […]
State Farm Reports Fewer Animal Collisions in Annual Analysis
Pennsylvania had the most animal collision claims. Auto claims data reveals drivers struck less animals than previous year according to an analysis by State Farm, the number one private passenger auto insurer in the United States. Between July of 2021 and June 2022 an estimated 1.9 million animal collisions happened across US roads, 5.5% less […]
State Farm Claims Data Reveals Continued Surge in Catalytic Converter Theft
Claims data from State Farm, the largest insurer of automobiles in the U.S., shows that between July 2021 and June 2022 catalytic converter theft has grown 109% nationally, in terms of the number of claims filed, compared to the previous 12 months. During this recent period more than 43,219 of these parts were stolen and […]
GHSA Study Finds Rural Roads Are Disproportionately Deadly
In-depth report examines who dies in rural road crashes, why and offers nearly three dozen safety recommendations for states. Rural roads are beautiful, but they’re hiding a deadly secret – nearly half of all fatal crashes occur on them, even though only 19% of the U.S. population lives in rural areas. A new report from […]
State Farm Testing Expanded Non-OEM Collision Repair Parts Use in Oklahoma and Texas
After more than two decades, the largest auto insurer in the U.S. will test the reintroduction of certified non-OEM collision repair parts. State Farm announced to its Select Service shops in Texas and Oklahoma on June 14 that due to supply chain issues it will conduct a test of expanded specification of non-Original Manufacturer (OEM) […]
Louisiana Tops State Farm List of Top States for Hurricane Claims Last Year
Last year one in four hurricane claims were auto claims. In 2021, State Farm received around 119,000 claims from hurricanes in nine states totaling approximately $1.2 billion in claims paid to help customers repair and rebuild. The storms included in the 2021 claims data include Henri, Nicholas and Ida. These storms had a major impact […]
State Farm Reports Average Auto Hail Claims $5,000
State Farm reported that the overall number of hail claims and cost in 2021 were lower than 2020. Total Auto and Home insurance claims were $2.5 billion in 2021, down from $3.1 billion in 2020. Auto hail claims totaled $480 million. In 2021, the average homeowner claim totaled more than $12,000, even with last year, […]
State Farm Reports Record Growth in Auto Policies But Lower Earned Premiums
The largest auto insurer in the U.S. returned $401 million in dividends to auto policyholders even with higher claim costs. State Farm Insurance Companies announced it experienced record growth in auto, home and life policies in 2021. While experiencing record growth in auto policies, State Farm reported another year-over-year decrease in auto earned premium. The […]
State Farm and Ford Announce Usage-Based Insurance Program Debuts in Four States Additional States
State Farm and Ford announced the launch of Drive Safe & Save Connected Car for customers with eligible connected Ford or Lincoln vehicles, to benefit from usage-based insurance (UBI). State Farm customers with eligible connected vehicles can opt into the State Farm UBI program, Drive Safe & Save, which adjusts premiums to an individual vehicle’s […]
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