Search results
Results From The WOW.Com Content Network
State Farm spokesperson Bob Devereux said that the policy holders in the fire zones would get one year renewal offers and those with total losses would get two renewals, as required by law.
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)
Between 2020 and 2022, insurers canceled 2.8 million home coverage policies in the state.
State Farm had to pay damages to the families of two car crash victims for whom Campbell was responsible, despite originally informing him and his family "that their assets were safe, that they had no liability for the accident, that [State Farm] would represent their interests, and that they did not need to procure separate counsel". [86]
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".
Motor Vehicle Manufacturers Association v. State Farm Mutual Automobile Insurance Co., 463 U.S. 29 (1983), commonly known in U.S. administrative law as State Farm, is a United States Supreme Court decision concerning regulations requiring passive restraints in cars.
The average homeowner’s premium in the state costs over $4,000, compared to the U.S. average of $1,544, according to E&E News, a division of Politico focused on environmental and energy news.
Since the wildfires broke out last week, State Farm’s claims department has fielded over 7,400 home and auto claims, the insurance company said in a news release. “Customer contact is at 90% ...