Tag: State farm

  • State Farm Agrees To $100 Million Settlement

    State Farm Agrees To $100 Million Settlement

    State Farm Fire and Casualty Company, a division of the US insurance behemoth State Farm, has agreed to make a $100 million payment in reparations to the federal government for allegedly mishandling flood insurance claims resulting from Hurricane Katrina. Instead of paying individual policyholders, the insurer will pay the federal government $100 million in restitution.…