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Violation Tracker Individual Record

Company: State Farm Life Insurance Company
Current Parent CompanyState Farm Insurance
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $34,222,414
Year: 2018
Date: October 11, 2018
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: insurance violation
Violation Description: A jury in Missouri awarded more than $30 million in damages to plaintiffs after finding that State Farm improperly charged holders of universal life insurance policies. State Farm unsuccessfully appealed the verdict up to the U.S. Supreme Court.
Level of Government: federal
Action Type: private litigation
Court: Western District of Missouri
Civil or Criminal Case: civil
Case ID: 2:16cv4170
Case Name: Vogt v. State Farm Life Insurance Company
Private Lawsuit Resolution Type: verdict
HQ Country of Current Parent: USA
HQ State of Current Parent: Illinois
Ownership Structure of Current Parent: mutual
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.