State Farm has no plans to lower executive pay even as it ...
WEBState Farm General, California’s largest home insurer, says it does not plan to lower executives’ pay or seek relief from its parent company even as it faces potential insolvency. The ...
State Farm® Announces 2023 Financial Results
WEBFeb 29, 2024 · Total revenue, which includes premium revenue, earned investment income and realized capital gains (losses) was $104.2 billion for 2023 compared to $89.3 billion for 2022. State Farm reported a net loss of $6.3 billion in …
State Farm Sets Another Record With $14B Underwriting Loss in ...
WEBMar 1, 2024 · The underwriting loss figure climbed to $14 billion for 2023, with a nearly $5 billion underwriting loss for property lines outpacing almost $4 billion of improvement in State Farm’s auto ...
State Farm announces major insurance policy change affecting ...
WEBMay 3, 2024 · State Farm, California's largest insurance provider, announced it would not renew insurance policies for approximately 72,000 homes and apartments in the state beginning this summer. What's...
State Farm Announces New Leadership
WEBBloomington, IL (March 14, 2024) — State Farm President Jon Farney has been selected as the company’s next Chief Executive Officer by the State Farm Mutual Board of Directors. Farney will formally begin his role on June 1.
State Farm - Good Neighbor Stories
WEBSeptember. State Farm auto claims data shows a 74% drop in catalytic converter theft claims for the first half of 2024 compared to the same period in 2023. This is good news in a story that first gained traction when State Farm.
State Farm hit with record $13.2 billion underwriting loss in ...
WEBFeb 27, 2023 · State Farm said Monday that it would “take actions to improve our operating performance” after eating a record $13.2 billion in underwriting losses in 2022 – in part because of costlier auto insurance claims driven by inflation.
State Farm has stopped accepting homeowner insurance ... - NPR
WEBMay 28, 2023 · State Farm has stopped accepting homeowner insurance applications in California, citing the growing risk from catastrophes like wildfires and the rising cost to rebuild.
State Farm stops home insurance sales in California, citing ...
WEBMay 28, 2023 · State Farm is stopping new home insurance sales in California, citing wildfire risks and skyrocketing construction costs, the company announced Friday. The insurance giant stopped accepting...
State Farm will no longer offer home insurance to new ...
WEBMay 27, 2023 · Beginning Saturday, State Farm General Insurance Company will stop accepting new applications including all business and personal lines property and casualty insurance, the company said in a...