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 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 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 2023 compared to …
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
WEBState Farm stands prepared and ready to respond to Hurricane Francine. Our State Farm Catastrophe Team® members are deploying to the Gulf Coast to stage for strategic response after the storm and will be on the ground to help residents …
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 discontinuing thousands of California home policies
WEBMar 22, 2024 · Ted Chen reports for the NBC4 News on March 22, 2024. State Farm will discontinue coverage for 72,000 houses and apartments in California starting this summer, the insurance giant said this week ...
State Farm is closing its doors to millions of new customers ...
WEBNov 29, 2023 · State Farm is closing its doors to millions of new customers exposed to ‘rapidly growing’ catastrophes — here’s who’s affected. The EPA reports that wildfires are getting worse as the ...
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...
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