Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: State Farm Mutual Automobile Insurance Company
Current Parent Company: State Farm Insurance
Penalty: $2,000,000
Year: 2024
Date: February 5, 2024
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: State Farm agreed to pay $2 million in a settlement of a Market Conduct Examination that discovered alleged improper conduct in claims handling practices in the application of comparative negligence to third party claimants, as well as payments for loss of use of claimants’ automobiles.
Level of Government: state
Action Type: agency action
Agency: Montana Commissioner of Securities & Insurance
Civil or Criminal Case: civil
Facility State: Montana
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
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.