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BUSINESS
February 13, 2013 | By Marc Lifsher
California Insurance Commissioner Dave Jones is declaring a big success his department's 4-year-old program to pressure state-licensed insurance companies to stop investing in multinational firms that do business in Iran. Just eight of a total of 1,300 licensed insurers continue to invest in foreign-owned companies that are involved in the military, energy or nuclear sectors of the economy of the Islamic republic, he said. The State Department identifies the Middle Eastern nation as a state sponsor of terrorism.
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BUSINESS
February 26, 2013 | By Marc Lifsher
SACRAMENTO -- Beware of fraudulent checks from the California Department of Insurance purportedly bearing the signature of state Insurance Commissioner Dave Jones. Phony checks written for $2,000 and $5,000 have turned up in other states with the notations that they are for "payments" or "refunds," the department said in a consumer alert. The department does not issue such checks, the alert said. Any consumer or business with questions about such checksĀ  should contact the Department of Insurance atĀ  (909)
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BUSINESS
May 15, 2009 | Marc Lifsher
Some California drivers suffering through the toughest economic conditions in three decades got a rare bit of good news Thursday when the state's biggest auto insurance company announced it would cut rates for 3.3 million motorists. Premiums at State Farm Mutual Automobile Insurance Co. will drop by 8% for a total savings of $219 million, said Rand Harbert, the senior vice president for California.
SPORTS
February 19, 2013 | By Diane Pucin
To the victors go the spoils, and in professional sports that includes promotional opportunities. Two NBA teams have more than one player featured in national television advertisements promoting something other than sports coverage or sneakers. One is the defending champion Miami Heat, with reigning MVP LeBron James and nine-time All-Star Dwyane Wade. The other is the Clippers, whose highflying Lob City act has made them among the most entertaining teams in the league, and who are winning at a franchise-record pace for a second consecutive season.
NEWS
January 19, 1988 | Associated Press
Women denied jobs as agents with State Farm Insurance Co. in California could receive as much as $420,000 each in what attorneys today said may be the largest recorded sex discrimination settlement in the history of the Civil Rights Act. "I felt if I got $5.50 out of the whole thing I'd be lucky," Muriel Kraszewski, one of three women who filed suit in 1979, said. "I just never wanted (State Farm) to do this to any woman ever again."
BUSINESS
January 31, 2002 | Liz Pulliam Weston
A leading rating agency downgraded State Farm's California operations this week because of significant losses in the insurer's homeowner business. A.M. Best cut its financial strength rating on State Farm General Insurance Co., a subsidiary of State Farm Mutual Automobile Insurance Co., from A-minus, or "excellent," to B-plus, or "very good."
REAL ESTATE
February 27, 2005 | From Times wire reports
The Foundation for Taxpayer & Consumer Rights is challenging State Farm's proposed $4-million rate hike for mobile home coverage. In its Tuesday filing with the California Department of Insurance, the nonprofit consumer group asked Insurance Commissioner John Garamendi to hold a public hearing on the proposed 21.3% increase. The group said State Farm raised rates on this line of insurance 47.7% in 2002 and 22.3% in 2001.
CALIFORNIA | LOCAL
June 25, 1993 | From a Times Staff Writer
An Agoura Hills couple whose home was condemned after a mudslide last winter has filed a lawsuit against State Farm Fire & Casualty Co., alleging that the firm failed to make good on an "all-risk" policy and deliberately mislead them about the scope of its coverage. Three more lawsuits filed this week on behalf of homeowners in Pacific Palisades and Malibu claim that State Farm changed its policies in 1983 without explanation to end its obligation to pay for damages caused by third parties.
BUSINESS
February 25, 1995 | From Bloomberg Business News
State Farm Mutual Automobile Insurance Co. said its 1994 earnings fell by more than two-thirds on losses from last year's Northridge earthquake. The largest U.S. home and auto insurer said net income for the year fell 68% to $524.4 million from $1.66 billion in 1993. State Farm joined other major insurers, such as Allstate Corp., which were hurt by the Jan. 17, 1994 temblor. The insured damage was estimated at $10.4 billion, which is expected to rank the quake as the second-costliest U.S.
BUSINESS
March 1, 2003 | From Bloomberg News
State Farm Mutual Automobile Insurance Co., the biggest U.S. auto and home insurer, posted a loss of $2.8 billion in 2002 as claims outstripped premiums and the company lost money in its stock portfolio. State Farm narrowed its loss from a record $5 billion in 2001 after it cut losses in its homeowner and auto units.
BUSINESS
February 13, 2013 | By Marc Lifsher
California Insurance Commissioner Dave Jones is declaring a big success his department's 4-year-old program to pressure state-licensed insurance companies to stop investing in multinational firms that do business in Iran. Just eight of a total of 1,300 licensed insurers continue to invest in foreign-owned companies that are involved in the military, energy or nuclear sectors of the economy of the Islamic republic, he said. The State Department identifies the Middle Eastern nation as a state sponsor of terrorism.
BUSINESS
February 7, 2013 | By Marc Lifsher
Thousands of Los Angeles homeowners covered by State Farm General Insurance Co. will see their annual premiums drop an average of $102, or 12.3%, beginning April 15. The reduction is part of a statewide markdown that will benefit 85% of State Farm's 1.6 million homeowner customers in California, the company said. The lower prices are expected to be announced at a 10:30 a.m. news conference in Los Angeles held by state Insurance Commissioner Dave Jones and State Farm Chief Executive Tom Conley.
BUSINESS
May 5, 2012 | By Tiffany Hsu, Los Angeles Times
Google Inc., with its free meals, high monthly pay and relaxed work environment, was rated by interns as the best place to work in a report released just ahead of the peak summer internship season. A software engineering intern at the search engine giant can expect an average monthly pay of $6,463, according to career website Glassdoor. Google interns, who voted the company as the most satisfying place to work, also reported additional perks such as face time with managers and opportunities to sit in on meetings.
BUSINESS
October 10, 2011 | By Ameet Sachdev
A few months ago, Saman Jayasekara was shopping online for cheaper car insurance when he came across a new product from Progressive Corp. that offered him the chance to save as much as 30%. But there was a catch. He would have to install a device in his Hyundai Sonata that would monitor his driving habits, such as when he drove, miles driven and number of sudden stops. Progressive would analyze the data to determine whether he deserved a discount. The New Jersey software programmer enrolled, and after a month he received a 23% discount, which could save him hundreds of dollars a year.
BUSINESS
March 5, 2011 | David Sarno
Forget texting and driving or talking on the phone and driving. Those dangerous habits are old hat. The new worry, according to a survey released this week by State Farm, is what the insurance company cleverly calls "webbing while driving. " It includes looking up Web pages, following driving directions, reading and composing e-mails, checking Facebook and twiddling with smart-phone apps ? activities that require sustained concentration and multiple key presses. Among the 912 smart phone users State Farm surveyed, more than 19% "webbed" while driving, the company said.
SPORTS
June 14, 2010 | From staff and wire reports
Cristie Kerr won the rain-delayed LPGA State Farm Classic by one shot over Anna Nordqvist and Na Yeon Choi on Monday. The final round of the event at Springfield, Ill., was played a day late because of weekend rain interrupting play. Kerr fought off flu symptoms and late challenges from Nordqvist and Choi, shooting a three-under-par 69 in the final round to finish at 22-under 266 at Panther Creek Country Club. Kerr had a two-shot lead heading to the final hole, so a bogey on the final hole gave her the one-shot victory.
BUSINESS
March 17, 2001 | Liz Pulliam Weston
State Farm is joining the ranks of insurers offering mutual funds--just as the mutual fund industry is suffering from a plunging stock market and rising redemptions. The company is offering six stock funds, a balanced fund, two bond funds and a money market fund. State Farm said it added the funds to meet customer demand for more financial services.
BUSINESS
May 14, 2010 | By Marc Lifsher, Los Angeles Times
Nearly 300 insurance companies licensed to do business in California have refused to comply with a state regulator's request that they stop making new investments in corporations engaged in energy or defense-related work in Iran. The insurers, including more than a dozen major firms such as State Farm, Geico and Prudential, are questioning the authority of state Insurance Commissioner Steve Poizner to impose sanctions. By contrast, Poizner said, 1,010 other insurance companies said they would comply.
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