Real Estate News on Business Daily

In the wake of the 2023 Maui Wildfires, State Farm has been actively involved in aiding recovery efforts for affected policyholders and the broader community. The wildfires, which began on August 8, 2023, caused significant damage across Maui, including the historic town of Lahaina. According to NBC News, over 2,200 buildings were damaged, more than 2,000 acres of land were affected, and 102 lives were lost.

State Farm is prepared to respond to Hurricane Francine, with the State Farm Catastrophe Team deploying to the Gulf Coast for a strategic response. Team members will be on-site to assist residents during their initial recovery efforts.

BLOOMINGTON, Ill., (July 17, 2024) — The world’s first “all things gaming” neighborhood has returned with a new look and feel for season 3, set in the futuristic and cyberpunk-inspired Neo City.

Valencia Giles always had a passion for music growing up and later discovered she had the gift of teaching. Together with her husband, Ozzie, they started the award-winning Lawrenceville-Suwanee School of Music in Metro Atlanta. A small business that began with 30 students now serves more than 1,200. They run two schools and are looking to add a third.

The State Farm mobile workforce trained to handle catastrophe claims is activating their on-site response for Hurricane Debby. Helping the residents of the impacted areas is the first critical step on the road to recovery.

With August marking the beginning of the peak hurricane season, State Farm has pre-funded $2.5 million in disaster response grants. The allocation includes $2 million to the American Red Cross, $250,000 to Convoy of Hope, and $250,000 to Midwest Food Bank. These funds are intended to support immediate disaster response efforts by these community non-profits.

State Farm® has announced the return of its "Gamerhood" series for a third season, this time set in the futuristic and cyberpunk-inspired Neo City. The series, which has garnered multiple awards, brings together prominent figures from streaming and entertainment to compete in various gaming challenges under the guidance of Jake from State Farm. The ultimate prize is the key to Neo City and a $100,000 charitable donation to the winning team's designated charity.

State Farm has mobilized its catastrophe claims workforce in response to Hurricane Beryl, which made landfall as a Category 1 hurricane near Matagorda, Texas early Monday morning with sustained winds of 80 mph. The company’s initial efforts are focused on assisting residents in the impacted areas.

State Farm and the University of Texas at Dallas (UTD) have collaborated to prepare students for the workforce. This partnership aims to equip students with the necessary skills and knowledge for their future careers.

In 2023, the United States experienced a total of 242 million lightning flashes, as reported by the 2023 Annual Lightning Report by Vaisala Xweather. State Farm paid out nearly $230 million for over 18,000 lightning-related claims in the same year, averaging just over $18,000 per claim.

State Farm has expressed concern for those affected by the South Fork and Salt fires in central New Mexico. The company extends its support to all individuals and communities impacted, including firefighters, first responders, and volunteers working to contain the fires.

State Farm's 2023 Impact Report details the company's ongoing commitment to community development and environmental stewardship. The report highlights various initiatives aimed at fostering safer, more thriving communities through diverse programs.

Rob Zvonar, the football coach for Lincoln-Way East high school, was honored at a community event hosted by Frankfort Gardens, the senior living development proposed by LFI Real Estate, which over 400 community members attended to help celebrate his career.

State Farm recently hosted a networking event for Illinois State University students aimed at fostering professional growth. The event provided an opportunity for students to connect with industry professionals and gain insights into their future careers.

State Farm has mobilized its catastrophe response team to assist residents in Greenfield, Iowa, following a severe tornado. The company has received approximately 750 homeowner claims and about 500 auto claims related to the event.

State Farm® has become the first property and casualty insurance company globally to achieve TRUE certifications for two of its facilities. This milestone underscores the company's dedication to operational efficiency, resource responsibility, and environmental sustainability.

State Farm has unveiled a new website showcasing its patent inventions available for sale and the technological sectors where they can be found. The company, more than just an insurance provider, is demonstrating its commitment to innovation by offering some of its patented technology for licensing, purchase or collaboration opportunities.

LFI Real Estate has announced the grand opening of their ninth Illinois Wild Fork food emporium, the latest location set in Vernon Hills.

LFI Real Estate has announced a new real estate development proposal, named "Gardens of Frankfort,” for an exclusively senior living community.

In 2023, over 56,000 wildfires ravaged 2.6 million acres, leading to the destruction of more than 4,300 residential and commercial structures across the United States. This data was provided by the National Interagency Fire Center. Wildfires, which can occur anywhere from Hawaii to Florida and up to New England, are unpredictable phenomena. The most effective strategy for safeguarding against wildfire-related losses is to prepare in advance for such unexpected events.