Winter vacation destinations usa for Another reason for the large insurance losses is the attacks of September 11, 2001. Shortly after the attacks all insurance companies began to raise their rates. Much of this was due to re-insurers. Re-insurers insure direct insurers such as State Farm. State Farm, however, did not suffer as dire financial effects from September 11 as some other direct insurers did, but the total monetary impact was still unknown 18 months later. Insurance analysts point out State Farm raised rates, in part, because other insurance companies were raising rates. State Farm has also recently been a victim of several weather catastrophes. Winter vacation destinations usa 2016.