This web site needs javascript enabled to work properly. Please enable it to use the full functionality of the web site. Thank You!

Best's News

Best’s News & Research Service subscription required - May 14, 2025 03:29 PM (EDT)

Allstate, State Farm Defend Industry Claims Practices in US Senate Hearing

Representatives from State Farm and Allstate defended the industry's claims practices during a U.S. Senate Committee, which saw lawmakers liken the industry's actions to defrauding . . .

-- This content requires a subscription --

Already a Subscriber?

Log in Register your purchase

Not a Subscriber?

Best's News & Research Service

A subscription includes:

BestDay
Best's News
Best's Review
Best's Research
Best's Special Reports & Commentaries
Best's Rankings
and more...

Receive emails featuring AM Best's news and research
Opt-in

Federal Legislation Federal Regulation Homeowners Insurance Property And Casualty Insurance Claims

Reprints & Redistribution

Latest News

BEST'S CREDIT RATING ACTION
AM Best Upgrades Credit Ratings of SiriusPoint Ltd. and Its Subsidiaries
Apr 16, 2026 11:38 AM (EDT)

PEOPLE IN INSURANCE
Vienna Insurance Exec Joins VIG Re as Head of Finance
Apr 16, 2026 11:06 AM (EDT)

MANAGING GENERAL AGENT
Born of Wildfire Risk, Kettle Explores All-Perils Expansion
Apr 16, 2026 11:01 AM (EDT)

EARNINGS
Travelers First-Quarter Net Income Quadruples to $1.7 Billion
Apr 16, 2026 10:46 AM (EDT)

BEST'S CREDIT RATING ACTION
AM Best Revises Issuer Credit Rating Outlook to Positive for Halyk Insurance Company JSC
Apr 16, 2026 09:43 AM (EDT)

More from Best’s News

Trending

1

FRAUD
Allstate Accuses Family, Associated Texas Businesses in $7.9 Million Auto Fraud Scheme
Apr 14, 2026 03:30 PM (EDT)

2

MUTUAL INSURERS
Nationwide P/C President: Going for Growth With 'Predict and Prevent' Policyholder Focus
Apr 09, 2026 11:33 AM (EDT)

3

FIRE PROTECTION
IBHS Expands Designated Home Wildfire Mitigation Program to 10 More 'Significant Fire Risk' States
Apr 14, 2026 03:45 PM (EDT)

4

MERGERS AND ACQUISITIONS
With US Move, Aegon Sells UK Unit to Standard Life for $2.71 Billion
Apr 15, 2026 10:20 AM (EDT)

5

INSURTECH
Human-Focused Insurance, AI-Driven Innovation Take Center Stage at InsurTech Spring Conference
Apr 14, 2026 10:44 AM (EDT)

1

MERGERS AND ACQUISITIONS
Hospitals, Insurers Seek Acquisition Plan Modification Following Flat Medicaid Rate Proposal
Jan 30, 2026 04:13 PM (EST)

2

FRAUDULENT CLAIMS
Geico Accuses Florida Clinics, Care Providers in $2.9 Million PIP Fraud Scheme
Oct 10, 2025 02:20 PM (EDT)

3

BEST'S CREDIT RATING ACTION
AM Best Downgrades Credit Ratings of Curi Insurance Group’s Members; Places Credit Ratings Under Review With Negative Implications
Apr 09, 2026 04:07 PM (EDT)

4

MUTUAL INSURERS
Nationwide P/C President: Going for Growth With 'Predict and Prevent' Policyholder Focus
Apr 09, 2026 11:33 AM (EDT)

5

SPECIAL REPORT
Best’s Special Report: Analysis Shows Drastic Shift in Life Insurance Reserves Toward Annuity Products, and a Slide in Credit Quality
Apr 10, 2026 09:09 AM (EDT)

1

SETTLEMENTS (LITIGATION)
State Farm Seeking $15.6 Million Settlement in Total-Loss Vehicle Valuation Class Action
Mar 30, 2026 02:21 PM (EDT)

2

MERGERS AND ACQUISITIONS
Hospitals, Insurers Seek Acquisition Plan Modification Following Flat Medicaid Rate Proposal
Jan 30, 2026 04:13 PM (EST)

3

FRAUDULENT CLAIMS
Geico Accuses Florida Clinics, Care Providers in $2.9 Million PIP Fraud Scheme
Oct 10, 2025 02:20 PM (EDT)

4

OCEAN MARINE INSURANCE
LMA: London Market Coverage Remains Available for Strait of Hormuz Shipping
Mar 24, 2026 11:08 AM (EDT)

5

STRATEGY
Zurich CEO: Global Specialty Prospects Ideal Amid Current Uncertainty
Nov 19, 2025 11:03 AM (EST)

1

SETTLEMENTS (LITIGATION)
State Farm Seeking $15.6 Million Settlement in Total-Loss Vehicle Valuation Class Action
Mar 30, 2026 02:21 PM (EDT)

2

WAR RISK INSURANCE
Marine War Risk Coverage at Risk as Middle East Conflict Escalates
Mar 02, 2026 11:39 AM (EST)

3

MERGERS AND ACQUISITIONS
Hospitals, Insurers Seek Acquisition Plan Modification Following Flat Medicaid Rate Proposal
Jan 30, 2026 04:13 PM (EST)

4

STRATEGY
Zurich CEO: Global Specialty Prospects Ideal Amid Current Uncertainty
Nov 19, 2025 11:03 AM (EST)

5

FRAUDULENT CLAIMS
Geico Accuses Florida Clinics, Care Providers in $2.9 Million PIP Fraud Scheme
Oct 10, 2025 02:20 PM (EDT)

AM Best TV

Related Companies

AMB#	Company Name
002479	State Farm Mutual Automobile Ins Co
058312	The Allstate Corporation

FRAUD
Allstate Accuses Family, Associated Texas Businesses in $7.9 Million Auto Fraud Scheme
Apr 14, 2026 03:30 PM (EDT)

SETTLEMENTS (LITIGATION)
State Farm Seeking $15.6 Million Settlement in Total-Loss Vehicle Valuation Class Action
Mar 30, 2026 02:21 PM (EDT)

LOSSES
Allstate Estimates $140 Million in Pretax Catastrophe Losses in February
Mar 19, 2026 01:20 PM (EDT)

DATA ANALYTICS
Federal Court Allowing Allstate Auto Data Collection Class Action to Proceed
Mar 10, 2026 04:11 PM (EDT)

PERSONAL AUTOMOBILE INSURANCE
Allstate Affiliates Approved for Lower Personal Auto Rates in Louisiana
Mar 10, 2026 02:13 PM (EDT)

More Related Company News

To Submit News go to - https://www.ambest.com/bestweek/submitnews.html