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Rather, it refers to a set of car insurance rules mandated by the state that require drivers to carry special insurance that kicks in for each driver and their passengers after an accident ...
Every state has its own insurance regulations, including how claims are paid out. Some states, like Massachusetts , allow for direct claim payments to be made to the insured in the form of a check.
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.
In 2005, the company refused to pay a claim on a car accident because the accident was allegedly caused intentionally by another driver. [31] Despite Farmers' claims, the state of Washington ordered the company to pay the claim. [32] In Betty Jo Walker v.
The California insurance commissioner has been an elected executive office position in California since 1991. Prior to that time, the insurance commissioner was appointed by the governor. The officeholder is in charge of the California Department of Insurance. The current insurance commissioner is Democrat Ricardo Lara.
For instance, in Northern California, 20% of homebuilders surveyed, at the time, said that buyers’ concerns over property insurance are somewhat slowing sales, and in Southern California, 29% of ...
And so they’ve launched two class-action suits, one in Florida and the other in Georgia, claiming State Farm uniformly rejects repair estimates that exceed $4,700 per claim — when the market ...
In 2019, the Michigan Legislature changed the state’s no-fault auto insurance law so that drivers will no longer be required to purchase unlimited medical coverage. [12] Instead, under the PIP Choice system that was enacted, drivers have the choice of selecting medical coverage with limits of $50,000 (for drivers on Medicaid), $250,000 ...