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State Farm

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Braden Smith Breaks NCAA Career Assist Record, Secures State Farm NIL Deal
sports21 days ago

Braden Smith Breaks NCAA Career Assist Record, Secures State Farm NIL Deal

Braden Smith broke the NCAA all-time career assists record with his 1,077th dime (vs Queens) and then signed an NIL deal with State Farm as part of its 'With the Assist' campaign, expanding a growing NIL portfolio that includes Great Clips and NBA 2K sponsorships; his $1.1M On3 NIL Valuation ranks him among the top college basketball earners, as Purdue advances to face Miami after a 26-point, eight-assist Round of 64 win.

via On3|
#braden-smith#ncaa-assists-record#nil-deal
State Farm consolidates Bloomington workforce, closing HQ and Illinois Operations Center by 2027
business23 days ago

State Farm consolidates Bloomington workforce, closing HQ and Illinois Operations Center by 2027

State Farm will close its Corporate Headquarters and Illinois Operations Center in Bloomington by the end of 2027, consolidating about 13,000 local employees into Corporate South to reduce underutilized space. The move may affect local tax revenue (HQ about $3.2 million and Ops Center about $979,116 annually) and Bloomington’s commercial real estate, with no firm plans yet for the vacated properties. The company says it will push toward more in-person work, with Corporate South able to accommodate all employees; about 60% of staff are hybrid today, which could boost local activity as people return to the office.

via WGLT|
#bloomington-normal#business#corporate-headquarters
Calif. regulators seal deal with State Farm to keep 17% homeowners rate hike after L.A. wildfires
business1 month ago

Calif. regulators seal deal with State Farm to keep 17% homeowners rate hike after L.A. wildfires

A brokered agreement between State Farm General and California regulators preserves a 17% average homeowners rate increase that took effect after the Los Angeles wildfires, freezes mass non-renewals in 2026, and delays a fuller rate review until 2027. The deal, which also imposes refunds to condo owners and rental property holders while allowing small increases for renters, sidesteps a broader scrutiny of the insurer’s claims handling amid thousands of fire-related losses and widespread complaints from policyholders.

via Los Angeles Times|
#business#california-department-of-insurance#homeowners-insurance
State Farm Pods $5B in Dividends for Customers — Here’s How to Claim Yours
business1 month ago

State Farm Pods $5B in Dividends for Customers — Here’s How to Claim Yours

State Farm is returning a record $5 billion in dividends to its customers, reflecting profits paid back to policyholders by the mutual insurer. Most payouts are issued automatically as credits on policy accounts or via mailed checks. If you believe you’re eligible but don’t see a credit, check your State Farm online account or contact customer service for the status and steps to claim.

via Forbes|
#business#dividends#insurance
State Farm Bets on Customers with $5 Billion Auto Dividend
business1 month ago

State Farm Bets on Customers with $5 Billion Auto Dividend

State Farm Mutual Automobile Insurance Company announced a $5 billion cash-back dividend for auto policyholders—the largest in its history—on top of $4.6 billion in annual auto-rate reductions. The one-time payments will be distributed this summer to qualifying customers across more than 49 million insured vehicles, averaging about $100 per vehicle, reflecting the mutual company’s financial strength and favorable underwriting.

via State Farm|
#auto-insurance#business#dividend
State Farm to issue $5B auto-insurance dividend this summer
business1 month ago

State Farm to issue $5B auto-insurance dividend this summer

State Farm will pay about $5 billion in auto-insurance dividends this summer, roughly $100 per vehicle for more than 49 million insured cars, funded by stronger underwriting and lower 2025 collision costs; auto rates have fallen about 10% in 40 states and around 15% in Illinois, while homeowners insurance remains challenged by severe weather and higher reinsurance costs.

via Chicago Tribune|
#auto-insurance-dividends#business#homeowners-insurance
"Maple Grove Woman Loses Insurance Over Car Model"
local-news1 year ago

"Maple Grove Woman Loses Insurance Over Car Model"

Erin Walters from Maple Grove, Minnesota, was denied car insurance renewal by State Farm due to the high theft rates associated with her 2019 Hyundai Elantra, a problem exacerbated by social media trends. Walters, who has never experienced theft, was advised to install a push-to-start ignition to be insured. She faced similar rejections from Progressive, highlighting a broader issue affecting Hyundai and Kia owners. Walters believes the manufacturer should recall and address the security flaws.

via CBS News|
#car-insurance#car-theft#hyundai-elantra
"Rising Costs and Climate Threats Leave Homeowners Without Insurance"
home-insurance1 year ago

"Rising Costs and Climate Threats Leave Homeowners Without Insurance"

Rising home insurance costs and policy cancellations, driven by climate change and increasing natural disasters, are leaving more homeowners without coverage. This trend is particularly affecting those in disaster-prone areas like California, where insurers like State Farm are pulling out, leaving residents with few and expensive alternatives. The issue is exacerbated by regulatory constraints and the rising cost of reinsurance, making it difficult for homeowners to find affordable policies.

via Yahoo Finance|
#climate-change#home-insurance#homeowners
"State Farm Dropping Homeowners' Insurance in California ZIP Codes: Explore Alternative Options"
insurance2 years ago

"State Farm Dropping Homeowners' Insurance in California ZIP Codes: Explore Alternative Options"

State Farm is dropping over 2,000 policyholders in 50 San Diego County zip codes, prompting affected homeowners to seek new insurance options. U.S. News & World Report lists Amica, USAA, Nationwide, Lemonade, and Chubb as some of the best insurance providers in the region, each with different coverage options and star ratings. Homeowners are advised to start shopping around as their current contracts expire during the summer months.

via FOX 5 San Diego|
#homeowners#insurance#san-diego