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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.
The A.M. Best rating of the insurance subsidiary has increased multiple times moving from a “Vulnerable” financial strength rating of “B−” to the current “Excellent” financial strength rating of “A−”. On December 31 2020, State Farm Insurance announced its acquisition of GAINSCO as an owned subsidiary for $400 million. [3] [4]
George Jacob "G.J." Mecherle [1] (pronounced "Ma-herl") (June 7, 1877 - March 10, 1951) was the founder of State Farm, headquartered in Bloomington, Illinois.Mecherle, a farmer who later became an insurance agent, founded State Farm after becoming dissatisfied with the insurance rates charged to farmers, as those rates included the risks of city drivers as well.
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It was named after Alfred Campanelli, a suburban housing mogul born in Brockton, who donated $2 million to fund a project that would "substantially benefit the people of Brockton." [ 1 ] The main tenant, the Brockton Rox , have used the facility for home games since 2002, competing in three different professional leagues through the 2011 season.
Here are the property transactions recorded for the week of July 10 to July 14, 2023, in the Brockton area, according to The Warren Group. 'Full of surprises': Raised ranch in Brockton that sold ...
BROCKTON − A renovated raised ranch on West Elm St. Ext, in Brockton sold for $680,000, ... Healey Virginia A. Est and Michael E. Jannini to East Brockton Limited Liability Co., $415,000, Oct ...
Brad Maurice Kelley (born 1956) is an American businessman who is the 9th largest landowner in the U.S., [1] with an estimated net worth of US$2.2 billion in 2018. [2] He founded the Commonwealth Brands tobacco company in 1991 and sold the company in 2001 to Houchens Industries for US$1 billion. [3]