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September 05, 2015 10:39 AM ET

Insurance

Company Overview of State Farm Fire and Casualty Company

Company Overview

State Farm Fire and Casualty Company provides insurance solutions for homeowners, boat owners, and commercial lines in the United States. The company offers insurance cover for boats, motors, and boat trailers, as well as cover for boat equipment against loss and damage from sinking, fire, storms, theft, capsizing, stranding, collision, and explosion. Its insurance products also cover the equipment permanently attached to the boat, anchors, oars, electric trolling motors, extra fuel tanks, tools, detachable canopies, seat cushions, life preservers, skis and their tow ropes, and dinghies. State Farm Fire and Casualty Company was formerly known as State Farm Insurance Company Inc. and changed ...

One State Farm Plaza

Bloomington, IL 61710

United States

Founded in 1935

Phone:

309-766-2311

Fax:

309-766-3991

Key Executives for State Farm Fire and Casualty Company

Chief Executive Officer and President
Age: 65
Senior Vice President
Compensation as of Fiscal Year 2015.

State Farm Fire and Casualty Company Key Developments

State Farm Fire and Casualty's Rehearing Request Denied in Katrina Fraud Case

A federal appeals court has decided that last month's upholding of a jury's insurance fraud ruling will stand, allowing whistleblowers who sued State Farm Fire and Casualty Co. to seek more evidence of fraud after 2005's Hurricane Katrina. The 5th U.S. Circuit Court of Appeals this week denied State Farm's request for a rehearing before the full court. On July 13, a three-judge 5th Circuit panel upheld a jury verdict in favor of Cori and Kerry Rigsby, who sued on behalf of the government. The plaintiffs said they witnessed the Illinois insurance giant shifting Mississippi claims to federal flood insurance that should have been paid by private wind insurance. The case returns to U.S. District Court in Gulfport to be broadened to include other claims.

Stafford Unlimited L.L.C. and Christopher Baione Sue State Farm for Failure to Pay Dog Attack Judgment

State Farm Fire and Casualty Co. is the defendant in a lawsuit that alleged it failed to pay a judgment in a dog attack case. State Farm's insured owned a pit bull that attacked a specially trained 'bed bug detection' dog owned by plaintiffs Stafford Unlimited L.L.C. and Christopher Baione. The plaintiffs filed suit and notified State Farm, which failed to provide a defense under the homeowners' policy. A judgment was entered against the insured and the plaintiffs were awarded $261,907. Baione now seeks recovery of that amount plus $100,000 in punitive damages from State Farm. State Farm removed the lawsuit to the U.S. District Court for the Eastern District of New York.

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Recent Private Companies Transactions

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