State Farm | WGLT

State Farm

Evan Vucci / The Associated Press

The relentless hurricane season is keeping Bloomington-based insurers busy.

Ralph Weisheit / WGLT

State Farm’s plans to realign its IT operations include a voluntary buyout for some employees.

WGLT

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.

Ryan Denham / WGLT

Former McLean County Board chair Matt Sorensen was sentenced Tuesday to a year in federal prison for his role in a billing-fraud scheme against his State Farm, the final chapter in a stunning fall for one of Central Illinois’ most prominent politicians.

Cindy Le / WGLT

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

Staff / WGLT

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.

Staff / WGLT

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.

State Farm / Twitter

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. 

Staff / WGLT

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.

Staff / WGLT

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.

Staff / WGLT

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.

Charlie Schlenker / WGLT

After a year plus at the helm of State Farm Insurance, CEO Michael Tipsord took his act public in McLean County with a guided q and a at an Economic Development Council dinner. Tipsord repeated what his predecessor, now retired Chairman Ed Rust Junior said often in his closing years.

"The corporate headquarters of State Farm Mutual Automobile Insurance Company will remain in Bloomington-Normal," said Tipsord.

United States Naval Research Laboratory / Wikimedia Commons

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.

Illinois Supreme Court

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.

WGLT

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.

WGLT

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.

Ralph Weisheit / WGLT

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."

Ralph Weisheit / WGLT

McLean County Board Chairman Matt Sorensen faces a federal fraud indictment. The document alleges Sorensen conspired with an outside consulting firm when he was an internal consultant at State Farm Insurance to engage in false billing for work never done. Sorensen allegedly personally benefited by more than $370,000 in the scheme. State Farm says it alerted federal prosecutors to the situation in 2012 and Sorensen has not worked for State Farm since.

Ralph Weisheit / WGLT

Mayor Chris Koos is taking a wait and see approach on the indictment of McLean County Board Chair Matt Sorensen.  He spoke with WGLT's Mike McCurdy.

Sorenson is accused of using his position as an internal consultant at State Farm Insurance to collude with an outside firm to file phony consulting work invoices. The indictment also alleges Sorenson steered State Farm work to fellow defendant Navdeep Arora a former partner at the firm of McKinsey and Company, who was arrested Sunday. 

State Farm Insurance is raising its rates for auto coverage in Illinois. The 2.6% average hike goes into effect in February. It's the second time in less than 12 months State Farm has raised Illinois rates. April's increase was less than a percent. Even together, the two hikes are less than the increase most other insurers have announced. Allstate rates are going up 5.7%. Geico has increased auto premiums significantly as well.