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1. www.curciolaw.com › 2023/11/28 › a-landmark-36Landmark $36 Million “Bad Faith” Verdict Against State Farm

   www.curciolaw.com › 2023/11/28 › a-landmark-36

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   Nov 28, 2023 · Santa Fe jury awards a Valencia County family a record $36 million in damages in a lawsuit against State Farm. The case stems from a fatal 2017 collision that killed Andrea Lovato and injured her nephew.

2. docs.justia.com › cases › federalDavis v. State Farm Fire and Casualty Company

   docs.justia.com › cases › federal

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   Davis v. State Farm Fire and Casualty Company. Filing 16. Davis v. State Farm Fire and Casualty Company Filing 16 ORDER granting Parties' 15 Stipulated Motion to ...

3. www.motorbiscuit.com › state-farm-auto-insuranceFormer State Farm employee is getting a $30k settlement after ...

   www.motorbiscuit.com › state-farm-auto-insurance

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   6 days ago · State Farm is easily one of the most popular options for auto insurance. However, according to The Dallas Morning News, the car insurance company has now settled with a former employee after she reported her concerns to the Department of Justice. This comes after State Farm fired her for raising concerns about discrimination from the company.

4. www.reuters.com › article › worldBehind $250 million State Farm settlement, a wild tale of ...

   www.reuters.com › article › world

   Sep 5, 2018 · (Reuters) - The biggest difference between a John Grisham novel and the allegations in a racketeering class action State Farm settled Tuesday for $250 million is that Grisham would have had the...

5. www.latimes.com › business › storyState Farm accused of funneling excess profits to parent as ...

   www.latimes.com › business › story

   4 days ago · By Laurence Darmiento Staff Writer. Oct. 28, 2024 8:08 AM PT. State Farm General, California’s largest home insurer, is being accused of boosting the profits of its parent company at the expense ...

6. www.ca5.uscourts.gov › opinions › pubUnited States Court of Appeals for the Fifth Circuit

   www.ca5.uscourts.gov › opinions › pub

   Dec 22, 2023 · When Bourque totaled her car in March 2018, she filed a claim with State Farm, and State Farm used a product known as the Autosource Market-Driven Valuation to determine the ACV of Bourque’s vehicle.

7. People also ask

   What is a 'bad faith' verdict against State Farm automobile insurance?

   • A significant portion of this award, $20 million, is designated as punitive damages against State Farm Automobile Insurance. This landmark $36 million verdict represents one of the largest “bad faith” awards against an insurance company by a New Mexico jury.

   Landmark $36 Million “Bad Faith” Verdict Against State Farm

   www.curciolaw.com/2023/11/28/a-landmark-36-million-bad-faith-verdict-against-auto-insurance-company/

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   Why did Andrea Lovato sue state farm?

   • The lawsuit was prompted by a fatal head-on collision that occurred in 2017, taking the life of a young woman, Andrea Lovato, and seriously injuring her 4-year-old nephew. Just five days before the collision, Andrea Lovato had contacted a State Farm agent and upgraded her insurance coverage from a modest $25,000 to a substantial $1 million.

   Landmark $36 Million “Bad Faith” Verdict Against State Farm

   www.curciolaw.com/2023/11/28/a-landmark-36-million-bad-faith-verdict-against-auto-insurance-company/

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   What happened to State Farm?

   • In 2001, an intermediate appellate court in Illinois affirmed a $1.06 billion judgment against the company. State Farm successfully petitioned the state Supreme Court to hear its appeal, which was fully briefed, argued and submitted in May 2003.

   Behind $250 million State Farm settlement, a wild tale of dark money in

   www.reuters.com/article/world/behind-250-million-state-farm-settlement-a-wild-tale-of-dark-money-in-judicial-idUSKCN1LL2ZP/

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   Did state Farm provide a $1 million insurance policy?

   • The turning point in the case occurred when Lovato’s mother discovered the declaration page confirming the upgraded $1 million insurance policy that had been sent to Lovato’s home. The jury’s verdict specified that State Farm’s contract indeed provided $1 million in coverage, not the $25,000 coverage asserted by the company.

   Landmark $36 Million “Bad Faith” Verdict Against State Farm

   www.curciolaw.com/2023/11/28/a-landmark-36-million-bad-faith-verdict-against-auto-insurance-company/

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   How much reinsurance did State Farm buy?

   • The company bought hundreds of millions of dollars of excess reinsurance from parent State Farm Mutual Automobile Insurance Co. over the past decade, while getting little back in return, according to Consumer Watchdog, a Los Angeles group that is challenging the hike.

   State Farm accused of funneling excess profits to parent as it seeks rate …

   www.latimes.com/business/story/2024-10-28/state-farm-general-mutual-reinsurance-rate-hike

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   Was state Farm a quid pro quo?

   • The RICO complaint alleges a quid pro quo between the justice and his insurance-company patrons. A cautionary note: State Farm has always denied allegations that it improperly influenced the outcome of the appeal or, for that matter, did anything wrong.

   Behind $250 million State Farm settlement, a wild tale of dark money in

   www.reuters.com/article/world/behind-250-million-state-farm-settlement-a-wild-tale-of-dark-money-in-judicial-idUSKCN1LL2ZP/

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8. www.pacermonitor.com › public › caseDavis v. State Farm Mutual Automobile Insurance Company

   www.pacermonitor.com › public › case

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   Aug 25, 2022 · Davis v. State Farm Mutual Automobile Insurance Company (1:22-cv-02173), Colorado District Court, Filed: 08/24/2022