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 […]
State Farm Doubles Venture Capital Effort
State Farm Ventures announced the expansion of its venture capital investment fund to $200 million, up from the initial commitment of $100 million in September 2018. The fund focuses on start-up companies that align with the strategic goals of State Farm, which include helping meet customers’ needs in more ways. “Throughout our 100-year history, continuous […]
State Farm Hiring Thousands of Full and Part-Time Employees Across the U.S.
The largest auto insurer in the U.S. offers online career fairs January 20 and 27. State Farm announced it is hiring more than 3,000 full and part time employees across the country. The largest auto insurer in the U.S. says it has never been a better time to consider a new full-time career or supplement […]
State Farm Ventures Among Investors in AI-Computer Vision Company
Nexar’s network of dash cameras collect more images that are being used to create a complete digital twin of U.S. roads. Nexar, an artificial intelligence (AI) computer vision company, announced the completion of a $53 million Series D funding round led by Qumra Capital with the participation of State Farm Ventures, Catalyst Investments, Banca Generali, […]
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- 6
- …
- 10
- Next Page »