« Michigan blacks paid insurance reparations | Main | Many Americans Will Outlive Savings »

January 11, 2005

State Farm Mutual to pay $40 million in multistate settlement

Thousands of automobile owners nationwide will share in a $40 million settlement with State Farm Mutual Insurance Co. over the company's handling of titles to vehicles totaled in accidents.

About 30,000 consumers nationwide may be eligible for payments ranging from $400 to $10,000, depending on the value of their vehicle. Most payments will be between $800 and $1,850, officials said.

Read the full story

Posted by Tom Troceen