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State Farm Fire and Casualty Company is an insurance company. [3] Prior to 2005, State Farm offered two types [fn 1] of insurance policies to homeowners: flood insurance, which would be reimbursed by the federal government's National Flood Insurance Program, and general homeowner insurance, which would be paid directly by State Farm. [3]
The lead plaintiff, Joan St. Julian, claims that State Farm violated the law by failing to pay sales tax to drivers when reimbursing them for the "actual cash value" of their cars that were deemed total losses. [69] According to the lawsuit, State Farm systematically underpaid claims made by thousands of consumers who experienced total vehicle ...
And so they’ve launched two class-action suits, one in Florida and the other in Georgia, claiming State Farm uniformly rejects repair estimates that exceed $4,700 per claim — when the market ...
The state agency that backs up policies held by insolvent companies, the Louisiana Insurance Guaranty Association, must now cover the failed companies’ unpaid claims and refund their customers ...
The company's headquarters, as well as the headquarters of the owner, Radisson Hospitality, Inc., were located in Minnetonka, Minnesota, a suburb of Minneapolis, the city where the first Radisson Hotel was built. In the 1990s, American-Russian businessman Paul Tatum was murdered after a series of disagreements over the Radisson Hotel in Moscow ...
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Alleged car thief busted with help of dimwitted diary entry: ‘Totally stole a car today!’
The OIR suggests that insurance companies have reserves and reinsurance to cover a once in 100-year storm. Many firms in past years purchased less, and if claims exceeded reinsurance and reserves, they were taken over by the state, who paid off remaining claims. [28] Those owners suffered no penalty for failing to act in an ethical manner.