State farm News

Accused of Defrauding State Farm, County Exec in Illinois Quits

The  in central Illinois has resigned in the wake of his indictment on federal fraud charges. Republican Matt Sorensen submitted a resignation letter to an executive committee meeting, The Pantagraph in Bloomington reported. “I refuse to allow current issues to …

County Chairman in Illinois Accused of Defrauding State Farm

Federal prosecutors in Chicago have indicted the chairman of the McLean County Board for defrauding State Farm and a consulting firm of more than $400,000 in unearned consulting fees. Matt Sorensen and co-defendant Navdeep Arora are accused of billing clients …

California Blazes Destroy 2,000-plus Homes, Curb Insurer Appetites

A pair of massive California wildfires that have destroyed more than 2,000 structures are now considered among the most damaging fires in state history, and they could change the way insurers view risk or conduct underwriting in rural areas in …

Sierra Club Dragging State Farm into Climate Change Battle

A State Farm executive is coming under fire from activists for his position on the board of what some consider to be a “climate denier” group. Sierra Club, a progressive investor group and other activist organizations have been waging an aggressive …

Insurer’s Refusal to Settle Can Lead to Bad Faith Liability

Did you know that that an insurer can be liable for bad faith failure to settle even if it never receives a firm settlement offer? The Louisiana Supreme Court recently ruled that it can and also that an insurer can …

Agents in Indiana Say Insurance Increased Prior to Home Explosion

The girlfriend of a man accused of blowing up an Indianapolis, Ind. house, devastating a subdivision and killing two neighbors, nearly doubled the insurance coverage for the contents of her home 11 months before the explosion, two insurance agents testified …

State Farm: Georgia Files Most Lightning Strike Claims

State Farm says Georgia residents file the most claims for lightning strikes in the country. The insurer’s officials told WSB-TV that it paid more than $16 million for lightning-related claims in 2014. The owner of Labeled Lightning Protection Inc., Reagan …

South Carolina Woman Accused of Arson for Insurance Money

A Union, S.C., woman is accused of setting fire to her mobile home with her two cats still inside. The Herald-Journal of Spartanburg reports the Union County Sheriff’s Office announced the arrest of 28-year-old April Lynn Hudson May 21. Deputies …

Insurer: Oklahoma Jazz Museum’s Workers’ Comp Debt Is Paid

A major insurer who had the financially shaky Oklahoma Jazz Hall of Fame on the hook for around $11,200 a couple weeks ago after the museum failed to pay its workers’ compensation premium on time now says the debt’s been …

Oklahoma Jazz Hall : Insurance Debts Paid or Not?

The shaky finances of the Oklahoma Jazz Hall of Fame seem to be attracting more attention than the museum itself. Executives at the nearly 30-year-old Tulsa nonprofit have sternly denied that the museum was in dire straits over the past …