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 […]
Interview: Russ Hoffbauer, State Farm Insurance
In our video interview, Russ Hoffbauer, director of claims for State Farm Insurance, explains the impact changing vehicle technology is having on collision repair claim frequency, cost and the referral process. He also examines changing claims technology as well as the continued evolution of the Select Service referral network. With over 18 percent of the […]
Class Action Status Granted in State Farm RICO Lawsuit
Lawsuit alleging State Farm influenced Illinois Supreme Court Justice granted class action status. A federal racketeering lawsuit involving State Farm and allegations of funneling money into the election of a state judge was granted class-action status on Friday. In 2012, plaintiffs Mark Hale, Todd Shadle and Carly Vickers Morse filed a two-count Racketeer Influenced and […]
State Farm Projects 2016 Likelihood of Deer Collision
Cost of large animal claims down slight in 2015-2016 State Farm has released its annual deer claim study, which ranks states by the potential drivers had of hitting a large animal, including deer, elk and moose over a given time period. On average, one of every 41 West Virginia drivers will have an insurance claim […]
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