State Farm Mutual Automobile Insurance Co. Archives

‘Manageable’ Losses Predicted From Hurricane Hermine

Hurricane Hermine, which is poised to land in Florida Friday, may result in "manageable" losses for the insurance industry, according to Keefe Bruyette & Woods analyst Meyer Shields. The storm is ...

Dog-Bite Claims Costs for U.S. Insurers Jumped 16 Percent in 2015

The cost of dog-bite claims for U.S. insurers climbed 16 percent last year on higher medical expenses and larger settlements to resolve court disputes. The average claim increased to $37,214 in 2015 ...

State Farm’s Rust Ends 30-Year Run as CEO

State Farm Mutual Automobile Insurance Co. said Edward Rust is stepping down as chief executive officer after three decades in the post and will be replaced by the company's chief operating officer. ...

State Farm Sold 23 Buildings in Leaseback Deal with Lone Star

Lone Star Funds, the private-equity firm led by Chairman John Grayken, bought 23 buildings from State Farm Mutual Automobile Insurance Co. and will lease them back to the largest U.S. ...

California Commissioner Fingers State Farm, 7 Other Insurers for Iran Investments

California Insurance Commissioner Dave Jones on Wednesday singled out eight insurers licensed to do business in the state that continue to have investments tied to Iran's energy, military and nuclear ...