Insurance Industry

A Black Illinois homeowner claims State Farm practices covert racial discrimination in how it processes claims. “State Farm does not treat its Black and white homeowners insurance policyholders equally,” states a federal lawsuit filed by Jacqueline Huskey of Matteson in south suburban Chicago.

Insurance industry consultants say there are record numbers of unfilled jobs in that part of the business sector. Analyst Greg Jacobson, of the talent search firm The Jacobson Group, said insurance carrier total employment right now is about 1.56 million people, down 85,000 from two years ago.

The largest auto insurer in Illinois is sounding a warning about thefts of catalytic converters from autos. Bloomington-based State Farm Insurance says nationally, thefts of that car part have tripled in the last year.

Bloomington-based State Farm is raising Illinois auto insurance rates by an average of 4.2%. That's less than the nearly 14% drop last year because of…

State Farm says it plans to expand the use of a digital bookkeeping technology to speed up and streamline the auto claims process, after a successful…

Raging California wildfires on one coast and the most active Atlantic hurricane season in history on the other are just two examples of how our climate is…

The insurance business is very competitive—and not just for customers.Insurers like State Farm and Country Financial face a lot of competition to recruit…

As COVID-19 continues to hang over the economy, more insurance companies say they’re pessimistic about revenue growth and likely to shed employees in the…

State Farm’s may not be alone atop the super-competitive U.S. auto insurance business for much longer.Geico will likely move into a virtual tie for the…

More retirements, low unemployment, and increased competition from other industries have all contributed to a “war for talent” in the insurance business,…