State Farm rolls out insurance plan strategy for more personalized quotes

Insurance Plan - Online Insurance Quote
State Farm holds massive virtual ca...
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The insurer lets consumers use a spectrum of options for the purpose of covering individual needs. State Farm recently launched an advertising campaign for its new Personal Price Plan insurance plan strategy aimed at covering customers at a price specific to their coverage needs. The idea is that the consumer can obtain a personalized quote for precisely what they need covered. The campaign focuses on a range of different scenarios demonstrating how customers have options to control the price of their insurance plan based on their specific needs. The latest…

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State Farm home insurance and ADT partner up for loss prevention and detection

Home insurance - ADT - Home Security

The insurer recently announced an investment of $1.2 billion into the security company. State Farm recently announced that it has invested $1.2 billion into the ADT Inc security company, for approximately 15 percent equity and a move to support new home insurance advancements. The partnership between the two companies allows the insurer to imagine new forms of coverage. By working with ADT security, State Farm will be looking into ways to innovate the home insurance experience. This could include new applications for Smart Home technology to be applied to property…

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State Farm lets policyholders receive insurance claim payouts via PayPal

Insurance claim payouts - PayPal app on phone

The new option is a broadening if the insurer’s Digital Pay solution enabled by Fiserv’s Carat. The largest home and vehicle insurer in the United States, State Farm, has announced that it is expanding the insurance claim payouts options available through Digital Pay so that they can be instantly received in a policyholder’s PayPal account. Digital Pay allows customers to have their claims reviewed, approved and paid online. When filing through Digital Pay, policyholders have the opportunity to choose from among several payment methods for insurance claim payouts. These transaction…

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State Farm holds massive virtual career fair to fill insurance jobs

Insurance jobs - Online Career

The largest insurer in the country held the fair full of events and resources to draw applicants. State Farm recently held an enormous virtual career fair to help people across the United States to match up with the insurance jobs currently available within the company. The insurer is celebrating its 100th anniversary this year and has thousands of positions to fill. The insurance jobs were placed in the spotlight on July 13, when the Summer Sizzle – Career fair was held. The virtual event was meant to help people looking…

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Avoid pet insurance claims by preparing for Fourth of July Fireworks

Dog Wearing Sunglasses - Fourth of July - Pet Insurance

This weekend will be a stressful one for millions of dogs and cats, but they can be kept safe. The Fourth of July seems like an unsuspecting time for pet insurance claims to spike, as it is a time of celebration, fun foods, sparklers and fireworks displays. That said, for dogs, cats and other animals, the fireworks are terrifying and can lead to altered behaviors. Many animals suffer from noise phobia. This can cause dogs and cats to find themselves in fight-or-flight mode. It can make them shake from fear…

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Lightning insurance claims were highest in these 5 states last year

Lightning insurance

About 9,000 customers filed for this type of damage with State Farm last year, for a total of $107 million. Last year, State Farm paid almost 9,000 lightning insurance claims to homeowners’ policyholders, who received a total of about $107 million to repair the damages caused. Some states have seen substantially more claims of this nature than others across the country. According to State Farm, the states that experienced the most lightning insurance claims were:  Texas, with $7.7 million in total claims. Georgia, with $7.3 million in total claims. California,…

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State Farm boosts insurance agent training and catastrophe research

Insurance agent - Training

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…

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