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Violation Tracker Individual Record

Company: State Farm Lloyds
Current Parent Company: State Farm Insurance
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $352,500,000
Year: 2015
Date: March 10, 2015
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: A Texas subsidiary of State Farm was ordered to refund $352.5 million to residential property insurance premiums after the company's rates were found to be unreasonable in relation to the risks they covered.
Level of Government: state
Action Type: agency action
Agency: Texas Department of Insurance
Civil or Criminal Case: civil
Facility State: Texas
Facility City: Dallas
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.