Tag

State Farm Insurance

All articles tagged with #state farm insurance

money2 hours ago•10 min saved

State Farm's Record $5B Dividend Goes to Eligible Auto Customers

State Farm has begun issuing a $5 billion dividend to auto-insurance customers—the largest in its history—with payments averaging about $100 per vehicle and varying by state and premiums. Eligible policyholders are those with an active personal auto policy in 2025 across more than 49 million vehicles. Recipients will be notified by email or letter, and a toll-free number is available for questions; the company announced the dividend earlier this year and payments are ongoing until complete.

via USA Today|

#company-news #dividends #money

safety2 years ago•2 min saved

"Stay Safe this Thanksgiving: Fire Risks and Cooking Tips"

State Farm Insurance is warning consumers about the increased risk of home cooking fires on Thanksgiving Day, which is the peak day for such incidents in the U.S. According to the National Fire Protection Association, last year State Farm paid over $196 million for 2,210 grease or cooking fire claims. The insurance company advises people to follow basic safety tips, such as keeping an eye on cooking, avoiding cooking while sleepy or under the influence of alcohol, and keeping flammable items away from stovetops. They also recommend having a fire extinguisher nearby and knowing how to handle a fire, including using a lid to cover a pan fire and calling the fire department if necessary.

via Fox Business|

#home-cooking-fires #national-fire-protection-association #safety

business3 years ago•1 min saved

State Farm ceases new homeowner insurance in California amidst wildfires.

State Farm Insurance has stopped offering new home insurance policies in California due to rising wildfire risks and construction costs. The decision was made to improve the company's financial strength and does not affect those already with homeowners insurance policies. California has seen more frequent and intense wildfires, and experts warn that this season's wildfire activity could be especially extreme. Insurance companies have been cutting back on their homeowner policies in the state due to losses caused by wildfires. California's insurance commissioner has imposed a mandatory one-year moratorium on insurance companies canceling or refusing to renew certain residential insurance policies after a state of emergency is declared due to a wildfire disaster.

via HuffPost|

#business #california #construction-costs