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State Farm is seeking a 30% rate hike, claiming its California unit is in financial trouble. ... Mail. 24/7 Help. ... But he added that the reinsurance did protect State Farm General from ...
The lead plaintiff, Joan St. Julian, claims that State Farm violated the law by failing to pay sales tax to drivers when reimbursing them for the "actual cash value" of their cars that were deemed total losses. [73] According to the lawsuit, State Farm systematically underpaid claims made by thousands of consumers who experienced total vehicle ...
Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Mail. Sign in. ... Why State Farm denied the claim. The issue with Sasson’s claim came down to cost. The ...
In the wake of the wildfires, State Farm General noted that they had already received more than 8,700 claims as of Feb. 1 – paying out more than $1 billion, with the company noting that they ...
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]
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".
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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)