State Farm and Hagerty join together for classic vehicle insurance

Classic vehicle insurance - vintage Chevy Cadillac

The collaboration is set to start providing this special form of coverage starting in early 2022. State farm, the largest private passenger vehicle insurer in the United States, and Hagerty Insurance have agreed to collaborate to introduce a new classic vehicle insurance coverage plan starting in 2022. This new policy will be called the State Farm Classic+ and will launch early next year. The collaboration will add the entirely new classic vehicle insurance policy to the market so that owners of these cars and trucks will be able to purchase…

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State Farm uses digital tools to deliver faster insurance payouts on claims

Insurance payouts - computer and dollar bills

The insurer has used a solution enabled by Fiserv to make the process possible. State Farm has rolled out a new digital solution for making insurance payouts on claims for its fire and auto customers. The digital payments solution uses technology from Fiserv, Inc. a leading global payments and financial services technology solutions provider. Using the Digital Pay option, customers are provided with improved flexibility after a claim. The Digital Pay service lets consumers choose a faster way to receive their insurance payouts on auto and fire claims. Many consumers…

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State Farm works with American Red Cross on home fire safety

Home fire safety - smoke detector

The two companies have partnered up to educate employees, neighbors, friends and family. A new home fire safety partnership between State Farm and American Red Cross has formed to help employees and friends alike to be better informed and prepared. The education program is meant to help agents, employees, neighbors, and friends. This home fire safety prevention and action education is meant to save lives and property. The American Red Cross responds to an annual average of 60,000 disasters. Most of those events are related to home fires. Last year,…

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State Farm rates are headed higher for drivers shortly after reductions

State Farm rates- Person Driving

The auto insurance rates were recently cut but are now headed for an increase in some states. Shortly after State Farm rates were cut for motorists across the country, some auto insurance customers will now be seeing higher premiums on their monthly bills. Only months after the last decreases it issued for auto insurance, the insurer has received a hike approval. The increases were requested in certain states. For instance, Louisiana recent approved of the request for a State Farm rates increase. The insurer is now increasing its rates by…

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Allstate and State Farm take on tens of thousands of Texas storm claims

Texas storm claims - Snow in city street

The insurers have deployed claim centers and technology to support affected policyholders. As Texas storm claims come rolling in by the tens of thousands, insurance giants like Allstate and State Farm have deployed staff and technology to meet policyholder needs. Allstate has deployed six mobile claim centers into the areas most heavily affected by the storms. The six Allstate mobile centers have been deployed for Texas storm claims in the areas most heavily affected in Dallas, San Antonio, Houston and Austin. Each of them has carefully included COVID-19 safety measures.…

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State Farm runs Red Cross donation matching until Friday

Red Cross Donation Matching - Red Cross

The insurer is dollar-for-dollar matching donations January 11 to 15 to a limit of $100,000. State Farm has announced that it is running a Red Cross donation matching campaign for the length of this week, ending on January 15, 2021. The insurer chose to focus on helping this charity following an extremely difficult year for fundraising. The pandemic has made life very difficult and while businesses of many forms struggle, charities have found it exceptionally challenging to bring in the donations they need, as many types of traditional fundraising became…

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A State Farm car insurance rate increase coming to 8 states

Car insurance rate increase - Car - money symbols - arrow

Over the summer, the insurer issued decreases since people weren’t driving as much in the pandemic. Drivers in at least 8 states may see a State Farm car insurance rate increase, according to recent filings the insurer made with state regulators. These higher premiums will follow months of decreases due to reduced miles driven. Over the summer, State Farm cut its auto policy rates across many states in the US to reflect the lower risk of coverage due to the pandemic. When the COVID-19 crisis struck, lockdowns, workers staying at…

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