July 05, 2018
State Farm has asked a Missouri federal court to reduce or eliminate the $34 million verdict it was hit with last month in a class action alleging that the insurer impermissibly jacked up its rates on certain policies, calling the plaintiffs' damages model "fatally flawed."
June 06, 2018
A Missouri federal jury Wednesday awarded $34.3 million in compensatory damages to a class of over 43,000 State Farm Life Insurance Co. policyholders in the state alleging the insurer deducted more from their accounts than their universal life insurance policies allowed.