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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]
State Farm announced it would end coverage for 72,000 homes and apartments in the state earlier this year. ... Hawaii Supreme Court rules against insurance companies in wildfire settlement case.
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".
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
One settlement involving the company in 2012 stipulated it reimburse shareholders $2.43 billion for concealing crucial information during its purchase of Merrill Lynch & Co. at the height of the ...
If you bought anything from deodorant to soft drinks in the past several years, you could have hundreds of dollars waiting for you. Major companies dole out millions of dollars every day in class...
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