State Farm

An internal announcement this week at State Farm won’t have a major impact on the size of the insurer’s overall workforce in Bloomington-Normal, the company said Friday.

State Farm has extended a helping hand towards victims of Hurricane Harvey, making a $40,000 donation to the Midwest Food Bank on Wednesday.

State Farm Insurance says it will move 4,200 Mutual Automobile Insurance Company workers to Bloomington Normal and its large hubs in Atlanta, Dallas, and Phoenix over the next four years.

Some jobs will also move to other existing locations.

Spokesman Justin Tomczak says they are consolidating eleven smaller facilities in nine states to the headquarters and the hubs.

State Farm Insurance had an operating loss of $1.2 Billion last year.

But, net income was $400 million in the black according to annual company financial results.

A lot of couples become engaged around the holidays.

State Farm Insurance saw an opportunity to boost its business by reminding people to use #ProtectTheBling...as in don't forget to insure the engagement ring.

They used a stock photo of an interracial couple during a proposal displaying a ring.

Cue the intolerance. Lots of it. 

State Farm Insurance has now raised its auto rates in Illinois more than in any time in the last fourteen years.

Other insurers have also been increasing premiums charged to customers.

State Farm Insurance has lost its fraud case in a long running dispute involving claims from Hurricane Katrina.

The U.S. Supreme Court issued a unanimous ruling against the Bloomington-based company.

Former McLean County Board Chair Matt Sorensen is scheduled for a change of plea hearing Wednesday afternoon in Federal Court in Chicago.

That's according to court records.

Both Bloomington-based State Farm Insurance and Country Financial have mobilized catastrophe teams as Hurricane Matthew moves closer to the U. S. coast and gains strength.

A federal judge in Saint Louis has granted class action certification in a civil racketeering case against Bloomington-based State Farm Insurance.

The Clifford Law Office in Chicago alleges State Farm employees ran a dark money campaign to elect Lloyd Karmeier to the State Supreme Court, believing he would support the insurance company once a certain case reached the high court.

State Farm Insurance is getting its agents out of the financial advisory game.

Starting in April, about 12,000 agents who are licensed to sell mutual funds and other retirement investment products will no longer do so.

More than 12 years after Hurricane Katrina ravaged the gulf coast, a fraud case involving State Farm Insurance will go before the U.S. Supreme Court. Justices have agreed to hear arguments in the Bloomington-based company's appeal of 758,000 dollars in damages.

State Farm Insurance reported a $2 billion increase in net income in 2015, but much of that resulted from capital gains on stock investments State Farm has in other companies.

Net income for 2015 was $6.2 billion compared to $4.2 billion the previous year. State Farm spokesman Dave Phillips said the company benefited from its investment in the stock of companies that merged last year.

"Two mergers between four companies, specifically pharmaceuticals, and that helped with investment strategy and the investment profits of the company."