December 14, 1992 |
State Farm Adds $1.3 Billion to Loss Estimate: State Farm Fire and Casualty Co. added the $1.3 billion to its already huge loss estimates from Hurricane Andrew, bringing the company's estimated loss for the storm to $3.4 billion. State Farm was the second insurer last week to increase dramatically its loss estimates from the nation's most costly catastrophe on record. Allstate raised its estimate on Thursday to $2.5 billion from $1.73 billion.
December 6, 2007 |
State Farm Fire and Casualty Co. asked a federal appeals court in New Orleans to throw out a $1-million punitive damage award to a Mississippi couple who sued the insurer for refusing to cover Hurricane Katrina damage to their home. A three-judge panel from the U.S. 5th Circuit Court of Appeals heard arguments from lawyers on both sides of the case, which was the first among hundreds of Katrina insurance lawsuits to be tried by a jury in Mississippi.
August 26, 1990 |
Insurance companies are not bound to cover extra construction costs mandated by new building codes when paying damages on insured structures, the state Supreme Court has ruled. The decision could have implications for many San Francisco Bay area residents whose homes were damaged in October's Loma Prieta earthquake. At issue was whether the insured or the insurer should pay for upgrading older structures to current code after they are damaged.
CALIFORNIA | LOCAL
May 7, 1997 |
A Sherman Oaks couple have filed a lawsuit against State Farm Fire and Casualty Co., accusing it of forging signatures on insurance forms and destroying documents to avoid paying claims from the 1994 Northridge earthquake. Two former State Farm employees have given sworn testimony supporting the accusations, and say such practices are common at the company, according to court documents.
CALIFORNIA | LOCAL
January 8, 1998
A Crenshaw-area dry-cleaning operator has won a $4.6-million punitive damage award from a Los Angeles jury which found that State Farm Fire and Casualty Co. wrongly accused him of burning down his business and of then trying to defraud the insurer. Abdurahman Baharun, 39, and his company, Calharr Inc., won the verdict this week in Los Angeles Superior Court after a trial that began Oct. 24, attorneys said. The $4.6-million award is on top of a combined $860,300 in general damages awarded Dec.
July 30, 1987
A group of Lakewood homeowners whose houses have suffered severe deterioration due to the chemical makeup of the soil beneath them has found a friend in the Allstate Insurance Co. According to a spokesman, the company has decided to honor "several" of the estimated 20 to 30 claims it has received from the distraught homeowners, and is still considering the remainder. None of the claims, the spokesman said, have so far been turned down.