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May 22, 2015 8:02 AM ET

Insurance

Company Overview of State Farm Mutual Automobile Insurance Company

Company Overview

State Farm Mutual Automobile Insurance Company provides various insurance and financial services in the United States and Canada. Its insurance products include general, auto, accident, homeowners, condo owners, renters, life and annuities, fire and casualty, health, disability, long term care, business, and boat insurance products. The company also offers farm and ranch, flood, motor cycle, personal articles, personal liability umbrella, community organizations, and volcano damage insurance products. It sells its insurance products through agents. In addition, the company provides various banking products comprising checking and interest checking accounts, money market accounts, certificate...

One State Farm Plaza

Bloomington, IL 61710-0001

United States

Founded in 1922

Phone:

309-766-2311

Fax:

309-766-3621

Key Executives for State Farm Mutual Automobile Insurance Company

Chairman, Chief Executive Officer and President
Age: 63
Vice Chairman and Chief Financial Officer
Age: 54
Vice Chairman and Chief Agency & Marketing Officer
Chief Legal Officer, Executive Vice President and Secretary
Executive Vice President
Compensation as of Fiscal Year 2014.

State Farm Mutual Automobile Insurance Company Key Developments

Wage Case for State Farm Mutual Automobile Insurance Co's Employees Settles

A federal judge in Missouri approved an $877,621 settlement for wage and hour claims made by an insurance company's employees in Minnesota and Arizona. In a class action lawsuit, attorneys from Stueve Siegel Hanson and Lear Werts alleged that State Farm Mutual Automobile Insurance Co.’s timekeeping policy caused employees to perform unpaid work. The suit claimed the insurer required employees at its operations centers to engage in duties before and after shifts and during breaks. The suit alleged that employees were paid under an exception hourly system. Though classified as non-exempt, the workers did not clock in or out but were paid for a standard amount of hours per week unless the employee entered exceptions, such as for sick time or vacation. The initial suit was aimed at State Farm’s operation in Columbia, Missouri, and later amended to include Minnesota, Arizona and Oklahoma. The classes in Oklahoma and Missouri, however, were decertified in 2013 after Judge Nanette K. Laughrey ruled that the workers in those states didn’t meet the requirements of the class. Among other things, the judge found evidence that the employees had been able to use 'flextime' to make up for extra hours worked. Laughrey approved the final agreement in March. The settlement amount included $289,615 in attorney fees, constituting a third of the settlement amount.

Dameron Hospital Association Sues State Farm Mutual Automobile Insurance Co. for Alleged Failure to Pay Hospital Liens

State Farm Mutual Automobile Insurance Co. is the defendant in a lawsuit that claims it has not honored hospital liens for patients treated after motor vehicle accidents. According to the lawsuit, Dameron Hospital Association routinely treats patients who have been injured by third parties. Dameron files a lien in order to recover patient fees from the third party or his insurance carrier. The lawsuit alleges that State Farm failed to pay those liens and now is indebted to Dameron in an amount not less than $9,264. State Farm filed a notice to remove the case to the U.S. District Court for the Eastern District of California.

The Court Denies State Farm Mutual Automobile Insurance's Refusal to Pay Claim Was Vexatious

The U.S. District Court for the Western District of Missouri denied an auto insurer's motion for summary judgment on breach of contract and vexatious refusal to pay claims brought by its insured following the insurer's denial of a claim for coverage of medical expenses arising from an accident. Further development of the factual record was required to determine whether a non-duplication clause precluded coverage and whether the insurer's refusal to pay was vexatious. Tara Baker and her husband maintained auto insurance under a policy issued by State Farm Mutual Automobile Insurance Co. On Dec. 31, 2011, the Bakers and their minor children were involved in an auto accident with a third-party driver who admitted to running a red light, which was confirmed by an eyewitness. The third-party driver was insured by Allied Property and Casualty Insurance Co. Allied accepted liability. After State Farm explained to the Bakers a non-duplication clause contained in the medical payments coverage portion of the State Farm policy, the Bakers informed State Farm that they did not intend to forward any medical bills to State Farm. The Bakers reached a settlement with Allied, but later submitted their related medical bills to State Farm. State Farm denied the claim based on the non-duplication clause, and the Bakers sued State Farm for breach of contract and vexatious refusal to pay. State Farm moved for judgment on the pleadings. Factual record found insufficient. The district court found that under applicable Missouri state court precedent, the non-duplication clause was not restricted to situations where the insured sued the third-party driver or otherwise obtained a prior judgment against the driver. Thus, the fact that the Bakers settled with the driver and provided his insurer with a release did not prevent application of the non-duplication clause. The court found, however, that the issue of whether the non-duplication clause applied required further factual development and, accordingly, denied State Farm's related motion for summary judgment. The court similarly held that whether State Farm's refusal to pay was vexatious could not be resolved on the current record, and required further discovery and development of the factual record. Accordingly, State Farm's motion for summary judgment on this claim was also denied.

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