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State Farm California's largest property/casualty insurer, selling to one in every four homes, has announced that it will not renew some 72,000 policies when they expire. The reason: in State Farm ...
Millions of State Farm Insurance customers in Texas have been overcharged by the company since 2003, and are owed approximately $350 million by the insurer, a judge ruled Monday. Texas District ...
As of now, the company's annual dividend stands at $6 per share, with a yield of approximately 0.75%. That yield is on the lower end, which makes sense for a stock that has performed as well as it ...
According to their policy, State Farm was obligated to pay up to $250,000 per person or $500,000 per occurrence, with a personal liability limit of $1 million. [69] State Farm refused to pay the awarded amounts of $100,000 for Charles Cook and $400,000 for Bernadette Cook when they pursued their claim.
Motor Vehicle Manufacturers Association v. State Farm Mutual Automobile Insurance Co., 463 U.S. 29 (1983), commonly known in U.S. administrative law as State Farm, is a United States Supreme Court decision concerning regulations requiring passive restraints in cars.
Terry McNeil, an insurance expert and president and CEO of T.D. McNeil Insurance Services, said State Farm will likely try to do right by its customers but it is already strained in the state.
Michael L. Tipsord (born June 20, 1959) is the chairman of the board of State Farm Insurance in Bloomington, Illinois. Tipsord replaced Edward B. Rust Jr. as chairman on September 1, 2015. [ 1 ] State Farm is the 42nd largest company in the United States on the Fortune 500 [ 2 ] and the country’s largest auto and home insurer .
The insurance regulator will investigate these rate-increase applications, a spokesperson told Reuters in an email. State Farm insures 250,000 homes and 880,000 automobiles in Los Angeles County ...