Tag: State Farm

State Farm insurance company receives zero waste certification

Nordstrom
Insurance Company - World 1st Certification

The property & casualty insurer is the first in the world to receive TRUE certification State Farm recently announced that it has become the first property & casualty insurance company in the world to receive TRUE certification. The certification was awarded to two of the insurer’s facilities In the insurance company’s news release on the subject, it pointed to the new TRUE certifications for its two zero waste facilities as a direct reflection of the company’s commitment to environmental sustainability as well as responsible resource use and dedication to pursuing…

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State Farm is keeping some California home insurance customers after all

G. Turner
Home Insurance California covered by State Farm

Still, the coverage that they will be receiving won’t be the same as what they’re used to State Farm has announced that it will be making it possible for some California home insurance customers to renew their policies, after having previously announced that it would no longer be selling or renewing property coverage in the state. That said, there is an important change to the coverage it will be providing While this does mean that homeowners will be able to keep their home insurance coverage, they should be aware that…

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What are kitty cat storms and what do they mean to home insurance?

Julie Campbell
kitty cat storms

These secondary weather systems are striking areas across the US, leaving damage behind While we tend to think of the most damaging weather that will impact home insurance as massive systems that take a long time to build and then stomp their way across the region, they’re not alone. Severe-convective storms are what the industry calls “secondary perils” The severe-convective storms, also known as kitty cat storms, are thunderstorms that build rapidly to the point of being large and powerful but disappear once again within a span of days or…

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State Farm shares affordable wildfire protection tips for home insurance customers

G. Turner
Home insurance - Wildfire Protection Tips

The blazes have become more frequent in recent years and are leading to substantial damage. May is Wildfire Preparedness Month, and in the spirit of this time before the blazes typically start for the year, State Farm has provided homeowners with ways they can help to protect their homes and properties within a limited budget. In 2023, 2.6 million acres were burned by 56,000 wildfires in the US alone Last year, over 4,300 homes and commercial structures were destroyed by wildfires in the US, according to data released by the…

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Two more insurers stop selling California home insurance

Nordstrom
Home Insurance - California Sign - Goodbye post it

The state’s coverage crisis appears to be getting worse as two more insurers have stepped away. Two more home insurance companies have announced that they have ceased selling home insurance to new applicants in California. According to the insurers, the reason for its decision is that wildfire risk and construction costs have risen too high. The insurers are small but are part of a growing trend Trans Pacific Insurance Co. and Tokio Marine America Insurance Co. have both announced that they will not accept new applicants for home insurance in…

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GEICO Offers New Discounts Amid Rising Auto Insurance Rates

Angela Linders
Geico auto insurance new discount

In a bold move to capitalize on increasing auto insurance rates across states such as California, GEICO Corp., part of Warren Buffet’s empire, is offering an attractive discount initiative, the “Welcome Factor,” aimed at expanding its auto insurance business. GEICO’s Fresh Approach to Auto Insurance With the surge in insurance rates, many insurers are taking a step back from writing new policies. However, GEICO is actively inviting new clients by marketing a special discount for those who apply for personal auto insurance. The discount is designed to taper off gradually…

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State Farm issues thousands of California home insurance non-renewals

Marc
home insurance - Non-Renewals and where are the most in the US

The insurer is also withdrawing from the sale of commercial apartment policies in the state State Farm recently announced that it will be issuing around 30,000 non-renewal notices California home insurance and rental homeowners policies. The purpose of the decision is to ensure business sustainability in that market According to State Farm, the decision to issue the non-renewal notices within the California home insurance market is to “ensure its long-term sustainability” there.  It called the choice “difficult but necessary”. The non-renewals will impact around 30,000 homeowners, rental homeowners, and other…

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