Severity, not frequency, is driving the rise in claims costs today. While the number of claims has generally declined, the average cost per claim has soared. From 1994 to 2008, claim frequency declined and lawsuits tracked that trend, falling from …
State Farm Says It’s Adding 3,000 More Jobs in Claims Next Year
State Farm says it plans to increase the size of its claims workforce by 10%, or about 3,000 employees, starting in 2027. The Bloomington, Illinois-based
