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State Farm dropping event sponsorship

Updated: February 25, 2011, 4:34 PM ET
Associated Press

SPRINGFIELD, Ill. -- Organizers of the annual LPGA Tour stop in Springfield, Ill., say State Farm is dropping its sponsorship after this year.

Kate Peters, executive director of the LPGA State Farm Classic, said Friday that she was disappointed by the decision. She said the tournament will try to find a new sponsor.

State Farm has sponsored the tournament for the past 19 years. A message left for a spokeswoman with Bloomington, Ill.-based State Farm was not immediately returned.

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