State Farm to offer $100 average refund to car insurance customers
CBSN
State Farm is issuing an average refund of $100 per vehicle to its auto insurance customers in what the company says is the largest dividend in its history. Edited by Alain Sherter In:
State Farm is issuing an average refund of $100 per vehicle to its auto insurance customers in what the company says is the largest dividend in its history.
The insurer said Thursday that the refunds will go out to policyholders of 49 million vehicles this summer. The exact payment amount will vary based on where a customer lives and their individual premiums. All told, the refunds will amount to $5 billion total in cash flowing back into customers' wallets, State Farm said in a statement.
It's unclear if State Farm plans to issue refunds via check or another method. The Bloomington, Illinois-based company did not immediately respond to a request for comment.
State Farm cited "stronger than expected underwriting performance" and shrinking auto repair costs as factors that enabled it to issue the coverage refunds.
State Farm provides insurance for autos, homes and small businesses and has nearly 97 million policyholders.
A person believed to be the ex-wife of the suspect in the attack at Michigan's Temple Israel last week told authorities that the suspect was "not stable" ahead of the attack, according to a 911 call obtained by CBS News Detroit. Lucia I Suarez Sang contributed to this report. In:
The Cuban government is planning to allow Cuban nationals who live abroad — including in the U.S. — to invest in companies on the island, a top government official told NBC News in an interview that aired Monday, as the country faces economic collapse and immense pressure from the Trump administration.
U.S. Soccer and Nike on Monday unveiled new national team kits ahead of the 2026 FIFA World Cup. The collection includes two primary jersey, stars and stripes, as well as a new goalkeeper uniform. In:
Washington — The Supreme Court on Monday said it will consider the Trump administration's efforts to roll back temporary deportation protections for thousands of immigrants from Syria and Haiti. In:
Costco is recalling a meatloaf and potato meal kit in nearly 30 states because it may be contaminated with salmonella, the retailer said in a notice to customers. Edited by Aimee Picchi In:
Outspoken Border Patrol official Gregory Bovino is retiring from federal service at the end of this month, after being pulled away from a high-profile role leading immigration raids in major U.S. cities, two sources directly familiar with his decision told CBS News on Monday.
White House chief of staff Susie Wiles has been diagnosed with an early stage of breast cancer, she confirmed Monday. Jacob Rosen, Olivia Rinaldi and Caitlin Huey-Burns contributed to this report.
Hyundai Motor North America is halting sales of some 2026 Hyundai Palisade models and planning to recall more than 68,000 of the vehicles after an incident that resulted in the death of a child. Edited by Aimee Picchi In:
A Ring camera in Manchester, Tennessee, captured a delivery that went viral and led to thousands of strangers helping change a man's life. In:
Washington — President Trump is taking questions from reporters ahead of a meeting with the Kennedy Center board of trustees on Monday, which is taking place as the third week of Iran war is underway. Tucker Reals contributed to this report. In:
As the war in the Middle East drives up energy prices, Americans are feeling the pinch at the gas pump. With elevated prices likely to stick around in the near future, experts say there are some practical steps drivers can take to stretch their fuel a little farther. Edited by Aimee Picchi In:
Gasoline prices inched higher on Monday with Brent crude remaining above $100 per barrel, as the Strait of Hormuz, a vital shipping lane for the global energy supply, remains paralyzed amid the Iran war. In:
Travelers continue to face long lines at airports across the U.S. due to the partial government shutdown affecting TSA agents. In: