Michael L. Tipsord

State Farm CEO Michael Tipsord Is Featured Speaker at Dec. 1 Joint Industry Forum

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Tuesday, November 1, 2022
State Farm, Changing World Technologies, Corporate title, CPCU, CEO, Certified Public Accountant, Organization, Industry, Insurance Information Institute, View, CLU, New York Hilton Midtown, University, Illinois Wesleyan University, Chartered Property Casualty Underwriter, Multimedia, JIF, Champaign County, Illinois, Michael L. Tipsord, DEI, CPA, Insurance, Management

NEW YORK, Nov. 1, 2022 /PRNewswire/ -- Michael Tipsord , chairman, president, and CEO of State Farm Mutual Automobile Insurance Company, will be interviewed by Sean Kevelighan , CEO, Insurance Information Institute (Triple-I) at the Joint Industry Forum (JIF) on Thursday, Dec. 1, the Triple-I announced today.

Key Points: 
  • NEW YORK, Nov. 1, 2022 /PRNewswire/ -- Michael Tipsord , chairman, president, and CEO of State Farm Mutual Automobile Insurance Company, will be interviewed by Sean Kevelighan , CEO, Insurance Information Institute (Triple-I) at the Joint Industry Forum (JIF) on Thursday, Dec. 1, the Triple-I announced today.
  • The CEO Executive Exchange between the State Farm CEO and Triple-I's CEO begins at 3 p.m.
    "The last few years have created shifts among customer expectations and within our industry," said Tipsord.
  • "I am looking forward to discussing how State Farm has approached these issues at the Joint Industry Forum."
  • "Michael Tipsordand State Farm provide monumental leadership for the insurance industry, and we are thrilled for this opportunity."

FIAI opposes auto insurance industry attempts to quash disclosure of windfall profits during COVID-19 pandemic

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Monday, May 9, 2022
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CHICAGO, May 9, 2022 /PRNewswire-PRWeb/ -- The auto insurance industry is attempting to block the publication of data documenting its windfall profits in Illinois during the early waves of the COVID-19 pandemic, when the risks associated with driving plummeted but auto insurers did not lower premiums or offer rebates in proportion to the reduction in risk. In a letter sent last week to the Illinois Department of Insurance, three auto insurance associations challenged the Department's March call for information documenting insurer profits, losses, and refunds given to consumers between 2019 and 2021. Consumer advocates estimate that auto insurers overcharged Illinois drivers by about $900 million in 2020.

Key Points: 
  • In a letter sent last week to the Illinois Department of Insurance, three auto insurance associations challenged the Department's March call for information documenting insurer profits, losses, and refunds given to consumers between 2019 and 2021.
  • Consumer advocates estimate that auto insurers overcharged Illinois drivers by about $900 million in 2020.
  • In a letter sent last week to the Illinois Department of Insurance, three auto insurance associations challenged the Department's March call for information documenting insurer profits, losses, and refunds given to consumers between 2019 and 2021.
  • The California, New Mexico, and Washington Departments of Insurance have all issued similar data calls to insurance companies.