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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. [65] 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.
Another example, in the state of Oklahoma, drivers must carry at least state minimum liability limits of $25,000/$50,000/$25,000. [6] If an insured driver hits a car full of people and is found by the insurance company to be liable, the insurance company will pay $25,000 of one person's medical bills but will not exceed $50,000 for other people ...
The state's largest home insurer, State Farm General, announced in March it would not renew 30,000 homeowner and condominium policies — including 1,626 in Pacific Palisades — when they expired.
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".
Legally required minimums only cover damage you cause. Even with comprehensive and collision, you're financially vulnerable. Learn top situations your standard car insurance won’t cover — and ...
When Assaf Sasson’s 2022 all-electric Porsche Taycan was damaged in a crash, he was prepared to pay his $500 insurance deductible to get it fixed.
"A Rational Choice Theory of Supreme Court Statutory Decisions with Applications to the State Farm and Grove City Cases". Journal of Law, Economics, and Organization. 6 (2): 263– 300. JSTOR 764779. Wiseman, A., & Wright, J. (2020). "Chevron, State Farm, and the Impact of Judicial Doctrine on Bureaucratic Policymaking." Perspectives on Politics
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