Live Insurance News

State Farm boosts insurance agent training and catastrophe research

June 16, 2022June 15, 2022 Nordstrom

Climate change is changing the nature of natural disasters and the insurer aims to keep ahead of it. As climate change changes the nature of storm damage, and as technology continues to progress, State Farm has invested into advanced catastrophe research and insurance agent training. The insurer wants to make sure its tech and teams are prepared for current and upcoming trends. State Farm is using the additional insurance agent training and catastrophe research to help keep ahead of the impact of climate change for more rapid claim handling, quicker…

State Farm releases insurance company Environmental, Social and Governance Report

June 10, 2022June 9, 2022 Logan B.

Insurance company - Report from business

The second report the insurer has released updates greenhouse gas reductions and sustainability efforts. State Farm has announced the release of its 2021 Environmental, Social and Governance Report, updating the insurance company’s sustainability efforts and greenhouse gas reductions. The report based on last year’s data is intended to be an illustration of the insurer’s efforts. The insurance company’s commitment to “Good Neighbors. Better World.” was outlined in the second report of its nature. The report outlined the insurer’s ESG framework and its progress on environmental sustainability, as well as social…

Auto insurance company points to vehicle mileage for fraud detection

May 17, 2022May 13, 2022 H. Cutner

State Farm underscored the importance of spotting odometer fraud when purchasing a used car. Although the majority of vehicle fraud headlines point to the theft of catalytic converters, but the State Farm auto insurance company showed that odometer fraud is also an important issue to keep in mind. Though this type of fraud is tougher to spot, there are a number of strategies that can be used to find it. State Farm published a news release to help people to spot odometer tampering while considering a used vehicle for purchase.…

These states generate the most hurricane insurance claims in the US

May 4, 2022May 3, 2022 G. Turner

State Farm released a list of the locations where the severe storms cause the most covered damage. State Farm received 119,000 hurricane insurance claims last year, and they all came from policyholders that had covered properties in 9 states. There was a total of approximately $1.2 billion in claims paid out to the affected policyholders. The hurricane insurance claims were paid for the repair and rebuilding of homes damaged by the storms. The State Farm data from last year include the storms called Henri, Nicholas, and Ida. They impacted 9…

Drivers are aware of distracted driving and do it anyway

April 25, 2022April 25, 2022 Marc

Motorists are choosing to continue with these behaviors while fully conscious of the danger. Distracted driving is a top cause of traffic fatalities in the United States and while its nearly always avoidable, it is only getting worse. Moreover, drivers know they’re driving dangerously with these distractions and do it anyway. State Farm recently released the results of a new road safety survey which revealed some troubling trends. The distracted driving rates are getting higher throughout the country, but what is disturbing is that motorists are well aware of the…

State Farm holds virtual career fair for insurance jobs with the company

April 19, 2022April 18, 2022 H. Cutner

The positions to be filled include both hybrid and 100% work-from-home opportunities. State Farm has announced that it has so many insurance jobs available that it is holding a virtual career air this week with both full- and part-time opportunities available. Positions also include bilingual opportunities in underwriting in hybrid and remote working locations. The insurance jobs will be discussed during four different time slots on Thursday. This is a substantial opportunity for people across the country who have recently lost – or left – prior employment. Insurers have been…

State Farm insurance company will soon offer LightStream lending products

April 8, 2022April 7, 2022 Logan B.

Insurance company - New relationship, handshake

Through a new relationship the insurer has formed, agents will soon offer the consumer lending products. State Farm has announced that the insurance company recently entered into an agreement that will allow its agents to offer LightStream consumer lending products. This is a new offering with the Truist Bank premier online consumer lending division. Truist currently ranks as seventh largest in the United States among commercial banks. It currently serves over 15 million customers. The advantage of its LightStream is the capacity for consumers to gain solutions that complement those…