State Farm and Cambridge Mobile Telematics (CMT) announced version 3.0 of the Drive Safe & Save Mobile app, the latest update to the State Farm voluntary telematics program. The updated app has a revamped user experience with a focus on road safety. Users who choose to participate will benefit from the actionable data and feedback… Continue reading Safety A Key Focus of State Farm® Drive Safe & Save™ Mobile 3.0
Tag: State Farm
State Farm and USAA to Test Blockchain Technology to Automate Insurance Claims
State Farm and USAA know how important it is to invest, innovate and build for the future. During the 2019 Dig In Conference, the two insurance companies announced a joint subrogation solution, and are now using real claims data to test how blockchain technology can improve the speed of the auto claims subrogation process. Subrogation… Continue reading State Farm and USAA to Test Blockchain Technology to Automate Insurance Claims
Dog Bite Claims Dropped In 2018, State Farm Reports
Owning a pet is a big responsibility. Dog owners are responsible not only for the health and safety of their pet, but also protecting people from injury. Most dogs will never bite but it is important to remember that any dog, regardless of breed or type, can bite under certain circumstances. Over the last year,… Continue reading Dog Bite Claims Dropped In 2018, State Farm Reports
State Farm Returns to Profit in 2018
In 2018, State Farm experienced a property-casualty underwriting gain, as well as increases in total revenue, net income and net worth. As the number one Auto and Homeowners insurer in the U.S., State Farm remains committed to serving its policyholders. The State Farm property-casualty (P-C) group of companies reported a combined underwriting gain of $1.7… Continue reading State Farm Returns to Profit in 2018
State Farm Averts Racketeering Trial with $250 Million Accord
State Farm agreed to pay $250 million on the brink of a trial to customers who claimed the company tried to rig the Illinois justice system to wipe out a $1 billion jury verdict from 19 years ago. The customers were seeking as much as $8.5 billion in damages in a civil racketeering trial that… Continue reading State Farm Averts Racketeering Trial with $250 Million Accord