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Posts Tagged ‘Farm

BLOOMINGTON. Ill., /PRNewswire/ — State Farm agent Chad Gregorini, Aspinwall, Pa., is honored this year by the Life and Health Insurance Foundation for Education’s fifteenth annual realLIFEstories. Gregorini insured Pittsburgh Police Officer Stephen Mayhle with a term life insurance policy.

Mayhle was almost not insured. He wanted to cancel his life insurance because money was tight, and he thought his group life insurance policy would be Read the rest of this entry »

State Farm Mutual Automobile Insurance Co. and Nationwide Mutual Insurance Co. are among insurers with the most at risk from Hurricane Earl, which threatens to graze North Carolina on Sept. 3.

The state had about $133 billion of coastal property covered by insurers according to 2007 data from AIR Worldwide, distributed by the Insurance Information Institute. Nationwide, Bloomington, Illinois-based State Farm and North Carolina Farm Bureau Insurance Read the rest of this entry »

TALLAHASSE, Fla., State Farm Florida dropped its plan to withdraw from the property insurance market in hurricane-prone Florida on Wednesday as part of a settlement with state regulators that includes an average 14.8 percent rate increase for homeowners and condominium owners.

The agreement also lets the insurer, which wants to reduce exposure to the greatest storm risks, not renew about 15 percent of its policies.

The deal resolves Read the rest of this entry »

TALLAHASSE, Fla., State Farm Florida dropped its plan to withdraw from the property insurance market in hurricane-prone Florida on Wednesday as part of a settlement with state regulators that includes an average 14.8 percent rate increase for homeowners and condominium owners.

The agreement also lets the insurer, which wants to reduce exposure to the greatest storm risks, not renew about 15 percent of its policies.

The deal resolves Read the rest of this entry »

TALLAHASSE, Fla. ? State Farm Florida dropped its plan to withdraw from the property insurance market in hurricane-prone Florida on Wednesday as part of a settlement with state regulators that includes an average 14.8 percent rate increase for homeowners and condominium owners.

The agreement also lets the insurer, which wants to reduce exposure to the greatest storm risks, not renew about 15 percent of its policies.

The deal resolves Read the rest of this entry »

State Farm has rejected a pitch by Florida?s chief financial officer, Alex Sink, to let their captive agents find coverage for customers with rival carriers, since they plan on leaving the state?s property market.

Currently, 826 State Farm Florida Insurance agents function as captive or dedicated agents, who under their contract can only place insurance with State Farm or the state-run property insurer, Citizens Property Insurance Read the rest of this entry »

The shopping has begun.

Some Florida residents aren’t waiting for State Farm Florida Insurance to tell them their policies won’t be renewed. They’ve started calling agents and insurers to check if other companies are willing to provide the coverage they’re about to lose from State Farm.

The insurer Tuesday announced plans to discontinue writing property insurance in Florida in about two years. That’s 1.2 million policies, including Read the rest of this entry »