Tag: State Farm

State Farm insurance company sues Amazon over patent infringement

Marc
Insurance company - Patent Infringement

According to the insurer, the online marketplace willfully infringed on patented tech. The State Farm insurance company has filed a lawsuit against Amazon, accusing the ecommerce giant of having “willfully infringed” on State Farm patented technology at the core of Elder Care Technology in order to offer a competing product. The insurer filed the lawsuit against Amazon and affiliated companies for patent infringement. The insurance company’s lawsuit has to do with the tech innovations incorporated into the Sundial product. This represents the first time the insurer has ever filed a…

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State Farm sees a drop in auto insurance claims for animal collisions

H. Cutner
Auto insurance - Deer by side of road

Compared to last year, there has been a 5.5 percent decrease in accidents with wildlife. State Farm has released its statistics this year for auto insurance claims made as a result of animal collisions, and the news is good as the instances have decreased by a substantial 5.5 percent. It should still be noted that November is considered to be the most dangerous month. From July 2021 through June 2022, there were an estimated 1.9 million collisions with animals on roads across the United States. Still, that is a decrease…

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State Farm issues helpful tips for Fire Prevention Week

G. Turner
Fire Prevention Week - Handing out pamphlet

October 9 through 15, 2022, is the 100th anniversary of the reminder of the steps to take to stay safe. Today is the last day of the 100th anniversary of National Fire Prevention Week, and State Farm has issued a number of helpful tips in a campaign to help keep people safe. This recognition is the longest-running public health observance in the United States. State Farm’s National Fire Prevention Week campaign this year is called “Fire Won’t Wait, Plan Your Escape”. Its purpose is to provide families with helpful education…

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Auto insurance companies won’t be raising rates in California

H. Cutner
Auto insurance companies - Car insurance

Rate increase approvals haven’t been approved in over two years, and that is continuing. According to leading auto insurance companies and associations in California, the state is risking a coverage crisis in the largest market in the country because it continues to deny rate increases. Insurers haven’t been able to raise their rates in California since before the pandemic began. The auto insurance companies have already been making cutbacks and have said that they won’t be able to continue operating at a loss in this way. They have pointed to…

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State Farm rolls out insurance plan strategy for more personalized quotes

Nordstrom
Insurance Plan - Online Insurance Quote

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

Nordstrom
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

G. Turner
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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