Michael Tipsord News Today

State Farm President Jon Farney has been selected as the company’s next Chief Executive Officer by the State Farm Mutual Board of Directors. Farney will formally begin his role on June 1. The announcement was shared by Chairman and retiring CEO Michael Tipsord, who expressed his confidence in Farney's abilities. Tipsord stated, “Jon and I have worked together for many years. I’ve seen how much he cares about State Farm, how much he cares about the people at State Farm, how he solves pr...

Jon Farney, current President of the State Farm insurance company has now been named the next Chief Executive Officer by the State Farm

Change is coming.

State Insurance Commissioner Mike Causey announced Feb. 6 that he rejected an N.C. Rate Bureau’s request to increase homeowner insurance rates by an average of 42%.

Californians who have their auto insurance with Allstate and State Farm will face substantial increases in their rates beginning in February. Allstate's rates are set to rise by 30%, while those of State Farm will go up by 21%.

A new report from the Consumer Federation of America (CFA) says chief executives of insurance companies are "living high on the hog" as policyholders are

Six major CEOs received eight-digit compensation

State Farm CEO salary is among the property and casualty insurance sector's highest. Find out where it ranks among industry peers in this article

Hagerty Inc. has raised $105 million in a capital raise that the Traverse City-based specialty auto insurer will use to drive growth and improved profitability. The capital raise that closed June 23 included $80 million that Hagerty generated from a private placement involving more than 8.4 million…

Proceeds for Profitable Growth Initiatives TRAVERSE CITY, Mich., June 23, 2023 /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY), an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, today...