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The Oregon Division of Financial Regulation hit State Farm with a $200,000 penalty, saying the insurance provider failed to properly notify consumers. Oregon Division of Financial Regulation fines ...
In 2023, State Farm raised rates by an average of 20% for existing customers and said it would no longer accept new homeowners’ insurance applications in California.
In February 2025, State Farm, the largest home insurer in California, requested state regulators to approve an emergency rate increase due to the financial strain caused by payouts related to the January 2025 Southern California wildfires. The company is seeking an average rate hike of 22%, effective May 1, 2025.
Michael L. Tipsord (born June 20, 1959) is the chairman of the board of State Farm Insurance in Bloomington, Illinois. Tipsord replaced Edward B. Rust Jr. as chairman on September 1, 2015. [ 1 ] State Farm is the 42nd largest company in the United States on the Fortune 500 [ 2 ] and the country’s largest auto and home insurer .
Aside from the liens against the Colliers’ restaurants, court records show the couple owes $197,091.98 in state and federal tax liens on their personal properties.
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 the federal court a jury found that State Farm had defrauded the government in a policyholder claim. State Farm was ordered to pay the Rigsbys attorneys $2.6 million plus expenses of just over $300,000. The Rigsby sisters were to each receive 15 percent of the $750,000 awarded to the government.
UnitedHealth Group held its first earnings call since the shooting of its insurance executive last month.UnitedHealthcare CEO Brian Thompson was killed outside of an investor day meeting in New ...