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Edward Barry Rust Jr. (born August 3, 1950) [1] was chairman of the board of State Farm Mutual Automobile Insurance Company, Bloomington, Illinois.He is a former President and Chief Executive Officer of State Farm Mutual Automobile Insurance Company and State Farm Fire and Casualty Company, State Farm Life Insurance Company and other principal State Farm affiliates.
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.
Germanotta was born Cynthia Louise Bissett on August 30, 1954, in West Virginia and was raised in Wheeling. [3] Her parents were Paul Douglas Bissett (1926–2013), a State Farm insurance agent who sang with the McMechen Men's Chorus and the McMechen Methodist Choir, and Veronica Rose Ferrie (1928–2022). [4]
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. [4] [5]
Two Indiana parents are in custody after allegedly leaving their 2-year-old daughter in a closet overnight with a space heater turned all the way up. The parents, 21-year-old Sintia Perez and 23 ...
Israel said on Monday it had met most demands by the United States to improve humanitarian conditions in Gaza but was still discussing some items as a deadline looms to improve the situation or ...
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.