State Farm

• 

  Florida Citizens CEO: 'We've Never Been in Better Shape'

  By Chad Hemenway, PropertyCasualty360.com  |  June 14, 2013

  The head of Florida Citizens Property Insurance Corp. says the state-run insurer is well on its way to becoming the true market of last resort for the Sunshine State.

• ALIRT P&C Composite: Q1 Accident-Year Combined Ratio Best Since '07

  By Chad Hemenway, PropertyCasualty360.com  |  June 10, 2013

  A look at first-quarter results of the 50 largest U.S. insurers shows the industry may be starting to see the benefits of price increases the last two years.

• Changing U.S. Demographics Offer Opportunities to Insurers Willing to Adapt

  By Phil Gusman, PropertyCasualty360.com  |  June 6, 2013

  Changing demographics and socio-economic realities in the U.S. mean personal-lines insurers must find ways to cater to growing segments, such as the seniors and hispanics, while also serving other groups whose habits have changed in the wake of the recession.

• 

  Best Agency Website Winner: Earnie Cornelius Insurance Agency

  By Laura Mazzuca Toops, PropertyCasualty360.com  |  June 3, 2013

  When Scott Cornelius took over his father’s agency in 2006, it didn’t have a website. Since then, ECI Agency has used a combination of templates and unique ideas to create a site that’s engaging, practical and successful.

• Tornadoes Destroy Oklahoma Town, Take Lives in Texas

  By Anya Khalamayzer  |  June 3, 2013

  On May 20 an EF5 tornado more than mile wide ripped through the suburbs of Oklahoma City for 40 minutes and laid to waste the 55,000-population city of Moore. Meanwhile, mid-May tornadoes in north-central Texas also damaged multiple homes, killing six people and injuring 100.

• Moore, Okla. Twister to Pressure Q2 P&C Earnings

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 28, 2013

  Rating agency Moody’s says second-quarter earnings among P&C carriers are likely to be pressured by losses paid on the May 20 tornado in Moore. Okla.

• Insurers Embrace Bill to Tailor Proposed Fed Capital Rules

  By Elizabeth D. Festa, PropertyCasualty360.com  |  May 28, 2013

  The insurance industry is helping birth new legislation that would address one of the most vexing issues for insurers in the Federal Reserve's stable of supervision.

• Treasury Refuses to Give Timetable on Systemically Important Non-Bank Designations

  By Elizabeth Festa, PropertyCasualty360.com  |  May 21, 2013

  The Financial Stability Oversight Council expects to vote on proposed designations of an initial set of nonbank financial companies in the near term, according to Treasury Secretary Jacob Lew in prepared testimony today before the Senate Banking Committee.

• 

  Twister Levels Oklahoma Town as Midwest Storm System Lingers

  By Anya Khalamayzer, PropertyCasualty360  |  May 21, 2013

  Average tornadoes move at less than 35 miles per hour and last just a few minutes, but yesterday a two-mile wide EF4 tornado packing 166 to 200 mph winds ripped through the suburbs of Oklahoma City for 40 minutes.

• 

  Personal-Lines Insurers Go Mobile to Attract Customers

  By Robert Regis Hyle, PropertyCasualty360.com, Phil Gusman, PropertyCasualty360.com  |  May 21, 2013

  Personal-lines insurers and others who serve this market are learning that leveraging mobile technology is an increasingly essential component to attracting and retaining customers. Here are some useful apps and devices companies are offering to auto and homeowners insurance shoppers.

• Tornadoes Pummel Midwest with More to Come

  By Anya Khalamayzer, PropertyCasualty360  |  May 20, 2013

  More than 20 tornadoes roared through the Midwest Sunday, and reports promise continuing severe weather today.

• National Flood Services to Acquire CSC’s Flood Insurance BPO Unit

  By Arthur D. Postal, PropertyCasualty360.com  |  May 16, 2013

  CSC, which handles NFIP-Direct for the Federal Emergency Management Agency has been acquired by the company which does most of the back-office work for 50 Write-Your-Own companies.

• 

  Top 10 States for Dog Bite Claims

  By Caterina Pontoriero, PropertyCasualty360.com  |  May 15, 2013

  It’s a dog-eat-dog world, and last year 3,670 State Farm customers were wearing Milk-Bone underwear. Click to see State Farm’s top 10 states for dog bite claims in 2012.

• State Farm Seeks New Trial Against Rigsbys in Katrina-Related Whistleblower Case

  By Chad Hemenway, PropertyCasualty360.com  |  May 8, 2013

  State Farm is seeking a new trial with two sisters, independent adjusters, who accused the insurer of defrauding the federal government following 2005’s Hurricane Katrina.

• Miss. Jury Finds State Farm Defrauded NFIP After Katrina

  By Chad Hemenway  |  May 1, 2013

  A federal jury in Mississippi has ruled that State Farm committed fraud against the government’s NFIP following Hurricane Katrina.

• 

  Telematics: Trouble or Tipping Point for Midsized Carriers?

  By Michael P. Voelker  |  May 1, 2013

  With insurers and vendors working to solve high entry costs, data challenges, and intellectual property concerns, user-based insurance may finally be nearing its much-anticipated breakthrough to the mainstream.