Tag: State Farm

How long does it take an insurance company to pay a claim?

G. Turner
Insurance company - How long does it take - Time

Knowing you have coverage is all well and good, but how long does it take to get the payout? When you file a claim with your insurance company, there are several factors that play a role in the length of time it will take before you receive your payout. These can include everything from your specific insurer to the type of payment method used. For example, there is a difference between the answer to how long does state farm direct deposit take and the length of time you’d need to…

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State Farm expected to raise Louisiana auto insurance rates

H. Cutner
Auto Insurance - Insurer

The insurer covers more than a quarter of all drivers in the state, many of whom will soon pay more. State Farm, the insurer that currently provides auto insurance coverage to about 29 percent of Louisiana drivers, is expected to raise its rates in the state. This will mean that more than a million people might find their premiums moving up. According to Louisiana Insurance Commissioner Jim Donelon, there are several reasons that State Farm is seeking to bump up its rates by double-digit average amounts. “This 17.3% rate increase…

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State Farm Boldly Upholds Commitment to Florida’s Home Insurance Landscape

Nordstrom
Home insurance - Safe in Florida

Even as Farmers and AAA reduce their business in the state, the insurer says it’s not leaving. State Farm has announced that it has no plans to leave Florida’s home insurance market like other insurers have done, and even as that insurer did that exact thing this year in California. Florida’s market has been riding the line on the edge of a crisis, but State Farm isn’t leaving. According to State Farm, it continues to see an opportunity in Florida’s home insurance market, particularly due to recent reforms for the…

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Climate change is sending California into an insurance crisis

Julie Campbell
Climate change - Crisis Ahead California Flag

Increasingly frequent and damaging wildfires are making coverage extremely expensive, when it’s available. Climate change has been blamed for the worsening wildfires that have plagued California over the last few years, and this problem has been affecting the insurance industry to an increasing degree, as coverage becomes more difficult to obtain, and challenging to afford when it is available. Major insurers State Farm and Allstate have stopped selling new home and business policies in California. As is the case with natural disasters in other parts of the country, such as…

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Consumer advocates say home insurance is still available in California without State Farm

Marc
California Home insurance available

They are assuring property owners that other insurers will be able to help them find coverage. State Farm recently announced that it would no longer be accepting new home insurance and business insurance applications in California, due to the increasing frequency of wildfires and the rising cost of repairs. Many property owners are now wondering how they will be able to find coverage in the state. According to consumer advocate groups, there are still opportunities to find home insurance coverage in the state, though some are hoping that since State…

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