Articles tagged with 'State Farm Companies' | State Farm

Last year saw a historic hurricane season with 30 named storms, 12 of which made landfall in the continental US, breaking the record of 28 named storms in 2005. According to the National Oceanic and Atmospheric Administration, the Atlantic hurricane …

Bloomington, IL, May 17, 2021 -- Electrical fires make up approximately 13% of all home fires, take hundreds of lives each year and amount to nearly $1.3 billion in annual home damage (National Fire Protection Association 2019 Survey). State …

Bloomington, IL, May 11, 2021 — State Farm, the largest insurer of cars and homes in the nation, is accelerating the claims payout process for auto and fire customers with technology from Fiserv, Inc., a leading global provider of payments and …

According to the National Interagency Fire Center (NIFC), there were 57,000 wildfires in the U.S. last year that burned 10 million acres of land. This is an increase of 14% compared to 2019 data and nearly double the number of acres burned. There is …

The threat of wildfires is constant and growing in the United States. In 2020, there were approximately 57,000 wildfires, about 7,000 more than in 2019 (National Interagency Fire Center). They burned 10 million acres, more than double than …

State Farm® and American Red Cross are working together to inform employees, agents, neighbors, and friends on how to prepare in the event of a home fire.On average, the American Red Cross responds to more than 60,000 disasters every year, the vast …

Last year alone, an estimated 1 million trees were destroyed in the U.S. due to natural disasters.To help address the impact of tree loss on communities across the country, State Farm® and the Arbor Day Foundation are announcing a new collaboration …

The threat for strong storms is often one of the first signs of spring. Hail causes common and costly storm damage to homes and vehicles across the country. Severe weather resulted in more than 332,000 hail claims paid by State Farm® in 2020. While …

For us at State Farm®, it’s not enough simply to do business with people; we must also be good neighbors alongside them. We’re committed to being a responsible corporate citizen that enhances the vibrant communities where our associates and …

In conjunction with today’s release of the first State Farm® Environmental, Social and Governance Snapshot, State Farm announces its commitment to reduce its greenhouse gas (GHG) emissions by 50 percent by the end of 2030.Initially, State Farm will …

State Farm® today shares an Environmental, Social and Governance Snapshot to convey its commitment and actions toward the concept of “Good Neighbors. Better World.”This ESG report, the first of its kind in the Company’s history, summarizes 2020 …

Bloomington, IL, February 26, 2021 – In 2020 and for the second straight year, State Farm property and casualty insurance companies experienced growth in auto policies while also reporting lower auto lines earned premium. The decrease in auto earned …

In 2019, State Farm property and casualty insurance companies experienced growth in policies while reporting lower earned premium compared to 2018. The decrease in property-casualty (P-C) earned premium reflects a focus on returning value to …

In 2018, State Farm experienced a property-casualty underwriting gain, as well as increases in total revenue, net income and net worth. As the number one Auto and Homeowners insurer in the U.S., State Farm remains committed to serving its …

The State Farm property-casualty (P-C) group of companies reported a combined underwriting loss of $6.5 billion in 2017 on earned premium of $63.9 billion, compared to an underwriting loss of $5.5 billion on earned premium of $61.7 billion in 2016. …