State Farm

State Farm is changing how its employees work on a permanent basis. The Bloomington-based insurer announced Friday it is introducing hybrid roles where most people will be part time in the office and part time at home.

Even with pandemic-driven refunds and rate decreases, State Farm made a lot of money in 2020.

The Bloomington-based company's annual financial report showed net income of $3.7 billion. That's well into positive territory, but down by more than a third from 2019. State Farm's net worth rose by 8.5%—thanks to stock market gains—to $126.1 billion.

Class action lawsuits were filed in Nevada against 10 major auto insurance companies on Tuesday, including State Farm, contending that the companies charged excessive insurance premiums during the pandemic by failing to account for a drop in driving and crashes.

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 reduced driving due to the pandemic.

The rate hike goes into effect March 29, according to a company statement.

State Farm will air its first Super Bowl ad on Sunday, featuring Kansas City Chiefs quarterback Patrick Mahomes and Green Bay Packers quarterback Aaron Rodgers, alongside Jake from State Farm.

The pandemic has caused substantial need throughout the community, so State Farm decided to not sell five passenger vans and instead give them to Bloomington-Normal nonprofits.

State Farm and Country Financial plan to keep most of their employees working from home through at least the end of the year because of the pandemic.

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 next year, according to a new labor market study.

State Farm said Monday it would lower auto insurance rates in Illinois on average 13.7% because people are driving—and crashing—less due to the pandemic.

State Farm says it’s cutting auto insurance rates in every state, offering another $2.2 billion back to customers who are driving—and crashing—less because of the pandemic.

Small businesses and nonprofits in central Illinois struggling due to the coronavirus have a new option for loan assistance thanks to a $10 million investment from State Farm.

Country Financial said Wednesday it will send refund checks to its auto customers who are driving less because of the coronavirus.

State Farm announced Thursday it's returning up to $2 billion to its auto customers who are driving less because of the coronavirus pandemic.

An insurance industry expert says state regulators should take a more aggressive approach in forcing companies to refund premiums to policyholders who are driving less because of the coronavirus.

State Farm said Tuesday it will decide by the end of the week how to “return value” to its policyholders who are driving a lot less because of coronavirus stay-at-home orders.