The U.S. Supreme Court on Tuesday agreed to hear an appeal by State Farm contesting a jury finding that the insurance company defrauded the federal government when assessing damage caused by Hurricane Katrina in 2005 along the Gulf of Mexico …
The cost of dog bite claims for U.S. insurers climbed 16 percent last year on higher medical expenses and larger settlements to resolve court disputes. The average claim increased to $37,214 in 2015 from $32,072 a year earlier, according to …
The U.S. Supreme Court on Tuesday agreed to hear an appeal by State Farm contesting a jury finding that the insurance company defrauded the federal government when assessing damage caused by Hurricane Katrina in 2005 along the Gulf of Mexico …
The unusually large hail that recently pounded Las Cruces, N.M., has residents scrambling to call insurance agents over damaged roofs and dented vehicles. Saturday’s storm dropped golf ball-sized hail left Sonoma Ranch Golf Course unplayable, reported Las Cruces Sun-News reports, …
The number of insurance claims from lightning strikes in the United States continued its steady decline, as severe thunderstorm activity eased from near-record levels and dry weather prevailed throughout much of the western half of the country. Despite fewer storms, …
Lightning may not seem as destructive as other natural disasters, yet a strike can cause serious damage to business equipment and electrical appliances, disrupt electrical service for long periods of time, and spark wildfires. In 2014, State Farm paid nearly …
State Farm Chairman and CEO Edward B. Rust Jr. announced that Michael Tipsord, State Farm president and chief operating officer, will succeed him in September as chief executive officer. Rust, in speaking during a company wide telecast, told the audience …
Submerged objects such as trees and rocks cause more damage to boats than marine mammals, according to State Farm. The company wants boat owners to know the common causes of boat damage. Claims data from State Farm, the nations’ largest …
Wildfires are a serious risk to property and lives in every state in the country. Last year alone the National Interagency Fire Center (NIFC) reported there were 63,212 fires in the U.S. and Puerto Rico that burned 3,595,613 million acres …
As temperatures warm there’s an increased risk for the formation of hail. Damage to homes and cars as a result of hail cost State Farm policyholders more than $2.4 billion in 2014. Hail is one of the most frequent causes …