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In early 2009, the State Farm Florida subsidiary, the state's largest insurer, offered to withdraw from writing property insurance business in Florida after state regulators refused to approve a 47% property rate increase. State Farm said that, in Florida, it had paid out US$1.21 in claims for every dollar in premiums since 2000.
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Betsy's daughters launched a legal challenge against Hupp and her husband to attempt to claim the life insurance policy in 2014, which was dismissed in 2016; [9] [10] [11] Russ launched his own legal challenge against State Farm in 2016. [12] Hupp admitted that she had lied about what she intended to do with the life insurance proceeds. [13]
State Farm is seeking increases of as much as 52% for some of its residential insurance rates in California, which could ramp up the financial burden for many homeowners and renters in the state ...
Insurers beef up security after UnitedHealthcare CEO killing. Some companies are reevaluating their security measures in the wake of Thompson's shooting. A number of companies have scrubbed their ...
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In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...