Insurance Industry

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,…

Bloomington-based State Farm is getting out of banking. The company on Thursday announced plans for U.S. Bank to take over existing deposits and credit…

Nearly 3 million State Farm customers in Illinois are in for a lower auto insurance rate beginning next month. The insurance company is cutting rates by 2…

A new report says that insurance companies will have to be more proactive—and pay more—to find and retain employees amid a “talent crisis” for the…