Tag: State Farm

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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State Farm holds massive virtual career fair to fill insurance jobs

Logan B.
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

G. Turner
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

G. Turner
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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