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State Farm® Expands Ting Fire Safety Program to 2 Million Homes

State Farm's Ting fire safety program is expanding to offer more than 2 million smart sensors for free to eligible customers. This initiative is part of State Farm's commitment to promoting safer homes and communities by preventing electrical fires.Chris Schell, Executive Vice President & Chief Operating Officer of State Farm, emphasized the company's dedication to customer safety, stating, "Putting customers first and being a good neighbor is at the heart of the State Farm mission. Ting is part of our ongoing commitment to prevent losses and protect more people in more...
Real Estate

State Farm® Educates Homeowners on Hail Preparedness

Students from Thomas Metcalf School recently put their science skills to the test at the State Farm® Technology Research and Innovation Laboratory in Bloomington, IL. They faced the challenge of determining whether their student-built roofs could withstand the State Farm Hail Simulator, a machine designed to replicate the impact of hail. Doug Dewey, Senior Research Analyst at State Farm, expressed his gratitude for working with the students and commended their passion for physics and science.Laurel Straub, Assistant Vice President of Enterprise Research at State Farm,...

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State Farm General Insurance Company Makes Difficult Decisions Impacting California Policyholders

Bloomington, IL, March 20, 2024 — State Farm General Insurance Company, in an effort to ensure its long-term sustainability in California, has announced some significant changes that will affect a portion of its policyholders in the state.The company revealed that approximately 30,000 homeowners, rental dwelling, and other property insurance policies will not be renewed. Additionally, around 42,000 commercial apartment policies will also not be renewed. It is important to note that renters insurance will not be impacted by these decisions.These actions, specific to...

Real Estate

Freeze & Thaw: Bad Mix For All

A new year and winter season bring with them a reminder about the importance of winter weather awareness, particularly when it comes to frozen pipes and ice dams. These two phenomena can cause significant water and structural damage, leading to costly repairs and insurance claims.According to State Farm, from August 2022 to August 2023, they paid out over $806 million for more than 32,000 claims related to frozen pipe and water damage. The average claim amounted to $25,000. Comparing this to the previous year, from 2021 to 2022, State Farm paid $181 million for...

Real Estate

Wells Fargo and Enterprise announce $20m housing innovation winners

Wells Fargo announced the winners of the 2023 Housing Affordability Breakthrough Challenge, a $20 million competition initiated by the Wells Fargo Foundation and Enterprise Community Partners (Enterprise). Six organizations secured grants ranging from $2 million to $3 million each, along with support from peers and industry experts, to amplify their innovative housing solutions and enhance home accessibility and affordability nationwide.

Real Estate

Nearly eight percent inflation for housing hurts lower-income households most; Economist: 'rising housing affordability a growing problem'

About a year after the Inflation Reduction Act was signed into law, Americans continue to feel the inflation pinch, as overall annual inflation rose to 3.2 percent in July. But the inflation rate for lower-income Americans is up much more, driven by rising housing costs.

Real Estate

Michael Rose, LFI Real Estate Principal Partner and Founder: 'We are pleased to announce that we are open and operating in Chicago'

Michael Rose, Principal Partner and Founder of LFI Real Estate, a full service real estate development company, located in Mokena, IL said LFI Real Estate kicked off the opening of their new office last week on Jun 28. The kick-off event was held at the new office space in Chicago, IL

Real Estate

Illinois real estate company awarded for healthcare property management services attributed to their outstanding customer service

LFI Real Estate, a family-owned and -operated company of Illinois, and a partner, MMC360, a cleaning services company with specialty in healthcare real estate and professional management, have been named a 2023 Top 10 Healthcare Property Management Services Provider by the Healthcare Business Review.

Real Estate

Redfin housing forecast: ‘Sales will continue to slow'

Compared to some cities, Raleigh, North Carolina, is holding its own when it comes to home sales.

Real Estate

LPC Desert West announces industrial site in Tucson: 'It’s been a long time coming'

LPC Desert West, a division of Lincoln Property Co., has announced that it will develop a million-square-foot, Class A industrial warehouse and distribution site in the Tucson area.

Real Estate

As developers struggle to keep pace with Arizona housing demand, advocates seek solutions

As developers struggle to keep pace with Arizona housing demand, advocates seek solutions.

Real Estate

North Carolina rental prices 'a problem'; risen 20% in last year

North Carolina's rental prices are rising faster than the national average.

Real Estate

Chandler breaks ground on 420-unit luxury housing community

A luxury housing facility has broken ground in Chandler, and the 420-unit residential apartment community will be known as Town Chandler.

Real Estate

Wood Partners' new luxury community in Raleigh designed to provide residents 'best of both worlds'

A Denver-based property management and real estate development firm's recent ground-breaking for a luxury residential community in Raleigh is building on the company's growth in the city.

Real Estate

Living in Henderson offers perks for residents, business growth

With many companies making the move to Henderson, Nev., the city offers a rich environment for residential living as well.