Auto insurance company points to vehicle mileage for fraud detection

Auto Insurance - ODO Fraud

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.…

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These states generate the most hurricane insurance claims in the US

Hurricane insurance claims

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…

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Drivers are aware of distracted driving and do it anyway

Distracted driving - car crash

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…

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

Insurance jobs - keyboard - Jobs key

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…

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State Farm insurance company will soon offer LightStream lending products

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…

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State Farm boat insurance claims frequently involve small objects

Boat insurance - Boat on water

Striking things under the surface of the water are leading to a rising amount of damage. State Farm recently released boat insurance data showing that striking floating or submerged objects are the leading cause of claims for the last five years. The insurer also released recommendations to help watercraft owners to avoid costly damage. While boat insurance is vital to have in case damage happens, what’s even better than having adequate coverage is not having to make a claim in the first place. State Farm is hoping that watercraft owners…

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State Farm releases poison prevention tips to reduce pet insurance claims

Pet insurance - poison prevention tips

The insurer published a number of safety recommendations to assist cat and dog owners. State Farm and Trupanion recently released a list of advice for pet insurance customers to help them to prevent accidentally poisoning their cats and dogs. There are many things that animal owners can do to help ensure poisons are kept well out of reach. The insurers recommend that pet insurance customers begin by looking around their homes and other areas where their furry family members will be spending time. They should try to spot potential dangers…

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