State Farm Fire and Casualty Co. and two former claims-adjuster sisters, who more than 16 years ago filed a lawsuit claiming the insurer committed fraud against the government’s National Flood Insurance Program following Hurricane Katrina, have settled. According to documents …
A.M. Best has upgraded the Financial Strength Rating (FSR) to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” from “bbb+” of State Farm Lloyds in Richardson, Texas. A.M. Best also has affirmed the …
A Monroe, La., woman has pleaded guilty to mail fraud, admitting that she filed a $116,000 insurance claim for $1,000 in assets. U.S. Attorney Stephanie Finley says 54-year-old Lasandra Edwards filed for bankruptcy in October 2013, saying her furniture and …
Those who live inland and those who live along Louisiana’s coast differ in their viewpoint of homeowners and renter’s insurance, according to a new survey of registered Louisiana voters. The survey by NORC (National Opinion Research Center) at the University …
A federal appeals court has decided that last month’s upholding of a jury’s insurance fraud ruling will stand, allowing whistleblowers who sued State Farm Fire and Casualty Co. to seek more evidence of fraud after 2005’s Hurricane Katrina. The Sun …
Whistleblowers who sued State Farm Fire and Casualty Co. can seek more evidence of fraud against the U.S. government after 2005’s Hurricane Katrina, a federal appeals court ruled July 13. In its decision, the New Orleans-based 5th U.S. Circuit Court …
Louisiana Insurance Commissioner Jim Donelon has declined to approve a recent homeowners rate request filed by State Farm Fire and Casualty Co. (State Farm). State Farm submitted the request for the +16.6 percent rate increase to its homeowners program in …
State Farm Fire and Casualty Co. resolved its dispute against former Penn State assistant football coach Jerry Sandusky over the insurer’s homeowners coverage. At issue was whether State Farm would be obligated to pay for any defense costs or awards …
