State Farm Subsidiary to Pay $100M for False Katrina Claims

State Farm non-renewing 72,000 CA policies

State Farm Fire and Casualty Co., a subsidiary of State Farm Insurance, has agreed to pay the federal government $100 million in restitution for its alleged failure to handle flood insurance claims following Hurricane Katrina. The settlement brings to an end a legal process that began more than 16 years ago, when two whistleblowers filed… Continue reading State Farm Subsidiary to Pay $100M for False Katrina Claims