Auto insurance underwriting loss narrows to 2.8 billion in 2017 The State Farm property-casualty (P-C) group of companies today reported a combined underwriting loss of $6.5 billion in 2017 on earned premium of $63.9 billion, compared to an underwriting loss of $5.5 billion on earned premium of $61.7 billion in 2016. The 2017 underwriting loss, […]
State Farm Earns I-CAR Insurance Gold Class Status
The Inter-Industry Conference on Auto Collision Repair (I-CAR) announced it has awarded Insurance Gold Class business recognition at the corporate level to State Farm as its appraiser staff has completed the Platinum Auto Physical Damage Appraiser (APDA) training requirements in I-CAR’s Professional Development Program (PDP). State Farm’s Select Service Program also recognizes I-CAR’s Welding Training […]
RICO Lawsuit Against State Farm to Proceed
Judge denies State Farm motion to dismiss case seeking reinstatement of $1.18 billion aftermarket collision repair parts verdict. U.S. District Judge David R. Herndon denied a motion last week by State Farm attorney seeking a summary judgement to have a 2012 lawsuit dismissed that alleges the auto insurer recruited and secretly bankrolled Illinois Supreme Court […]
State Farm Reports Deer Hit Damage Costs Up
Animal hit claim cost up 4.6 percent State Farm released the results of its 15th annual deer claim study that helps define that danger for drivers. It ranks states by the potential likelihood a driver has of hitting a large animal, like deer, elk, moose or caribou. This year’s study has some good news for […]
Appeals Court Overturns Dismissal in Collision Repair Shop Lawsuits Against Insurers
Court rules lawsuits by five body shops alleging federal antitrust and state law violations can proceed. On Thursday, the United States Court of Appeals for the Eleventh Circuit overturned a District Court ruling that had dismissed complaints in five lawsuits brought by collision repair facilities alleging violations of federal antitrust law as well as violations […]
Interview: Chris Evans, State Farm Insurance
Chris Evans, Claim Consultant, explains State Farm’s recent decision to require I-CAR’s Welding program for collision repair facilities on its Select Service referral program. In April, State Farm Insurance announced it would begin requiring collision repair shops that participate in its Select Service referral program to have technicians with the Inter-Industry Conference on Auto Collision […]
State Farm to Consolidate Facilities
State Farm Mutual Automobile Insurance Company announced plans last week to exit eleven facilities in stages over the course of several years, beginning in 2018. The work from these facilities will move to the company’s headquarters in Bloomington, Ill., its offices in Atlanta, Dallas, and Phoenix, as well as a number of existing locations across […]
State Farm Adds Welding Certification Requirement for Select Service Collision Repair Shops
Repair facilities must have steel requirement completed by end of 2017. State Farm announced that the Inter-Industry Conference on Auto Collision Repair (I-CAR) Welding Training & Certification for collision repairers is now a requirement to participate in its Select Service Program. Training will be delivered by I-CAR and offered at special pricing for network members. […]
Nine Transitioning Soldiers Graduate from Caliber Collision’s Changing Lanes Program
Nine soldiers at Ft. Bragg will be completing their military service and returning to civilian life fully armed with a $2,500 toolbox, employment offer and a new career with Caliber Collision. Developed in partnership with Fayetteville Technical Community College (FTCC) and Ft. Bragg’s Career Skills Program, Changing Lanes is the first program in the country […]
State Farm Announces $5.5 Underwriting Loss in 2016
Overall earned premiums up five percent to $61.7 billion. Auto earned premiums up 6.9 percent to $38.8 billion. The State Farm property-casualty (P-C) companies yesterday reported an underwriting loss of $5.5 billion in 2016 on earned premium of $61.7 billion, compared to an underwriting loss of $2.1 billion on earned premium of $58.6 billion in […]
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