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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]
Since the wildfires broke out last week, State Farm’s claims department has fielded over 7,400 home and auto claims, the insurance company said in a news release. “Customer contact is at 90% ...
In an interview on Tuesday, Farney said the company has received 6,300 residential and auto claims, making it the largest wildfire disaster State Farm has ever experienced.
State Farm Insurance "Fire Building" in downtown Bloomington, Illinois. State Farm was founded in June 1922 by retired farmer George J. Mecherle as a mutual automobile insurance company owned by its policyholders. [10]
A State Farm Insurance sign on a destroyed building during the Eaton Fire in Altadena, California, US, on Wednesday, Jan. 8, 2025. (Michael Nigro—Bloomberg)
State Farm has lodged a case in the U.S. Supreme Court, 'State Farm Fire & Casualty Co. v. United States ex rel. Rigsby, to be heard in the term which commences in October 2016. State Farm is arguing that the attorneys for the Rigsbys violated a part of the False Claims Act, that is they released documents which were under the 60 day seal rule.
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 ...
State Farm Mutual Automobile Insurance Co. v. Campbell, 538 U.S. 408 (2003), was a case in which the United States Supreme Court held that the due process clause usually limits punitive damage awards to less than ten times the size of the compensatory damages awarded and that punitive damage awards of four times the compensatory damage award is "close to the line of constitutional impropriety".