Okla. Couple Awarded $13 Million in Lawsuit Against State Farm

May 30, 2006

  • May 30, 2006 at 7:00 am
    Smitty says:
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    \”What company executive is getting rich by not paying claims? NONE!!!\”

    Actually many mutual insurance companies get rich by not paying claims, without stock holders many \”mutual\” company executives are free to run amok with their own compensation with nobody to look over their shoulder.

    I\’d love to be a mutual insurance company executive, they\’re the least accountable people on the planet (sans government workers).

    Stockholders keep the executives honest.

  • May 30, 2006 at 10:21 am
    Roger says:
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    Come On Folks, This is starting to sound like a meeting of the \”Also Rans\” just complaining about the True Leaders out there fighting for whats right.

    I am for all of the Investigation and Oversight available under the Law, but as long as it is not run by Greeseball Attorneys.

    Let\’s Look at the Facts: State Farm is taken to court about 22 times every day. They settle over 10,000 claims every day. 22 problem claims out of 10,000 does not sound bad. Not to mention, how many of those 22 are motivated by greed and sleeze.

    Rich P and the other pack of Loosers, go find something usefull to add to the conversation, not just that State Farm should be investigated, they are investigated more than any other company out there, just based upon litigation alone.

    Go for it, This \”Investigation\” will just make them more refined, adept and capible in navigating the legal snake pit that is our system.

    Like it or not State Farm is the IBM/Microsoft/Proctor&Gamble of our industry. I wish the other players out there could just Match them, nah, lets just complain like the ***** children that we are Rich P ? This is easer than putting up the Goods and trying to Best this Giant. It\’s time for people to Put UP or Shut Up.

    Ok, its your turn to Cry again, I am ready for the Post, so just Post away, I\’ll get your Rattle and Blankie ready,
    You all make me sick, Crybabies.

  • May 30, 2006 at 11:33 am
    Seen the REAL Evidence says:
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    Roger,

    Do you like to keep your head in the sand? No doubt it feels good, just as long as State Farm keeps feeding you your semi-monthly dose of greenbacks.

    Roger, what would you say about a company that regularly makes multi-million dollar real estate investments, then depreciates them to zero over a few years, then removes them from the books without ever reporting any evidence of a sale or other recovery of the original investment?

    What happened to that real estate? Did it just evaporate into thin air, like the millions of dollars State Farm invested in it?

    Well, THAT is what State Farm started doing the year that your good buddy Eddie Jr. took over the company in 1985.

    Where do you think all those millions of dollars from the Life Compamy went?

    Of course, you as an agent have been pressured to sell Life and financial products all during that time so they could justify the \”bonuses\” that they snuck out of the company into \”somebody\’s pockets. And you were required to waste your valuable sales hours selling products that paid nearly no renewal commissions instead of spending that time selling casualty products that would pay you a full commission every year. So, Roger good buddy, next time while you are kissing Eddie\’s you-know-what, think about all the commissions you could have made doing what is most profitable for you. And tell Eddie how happy you are that he and his buddies grabbed millions of bucks at your expense.

    If you don\’t believe any of this, get yourself copies of the Supplemental Investment reports from the Life Company starting in 1985.

  • May 31, 2006 at 12:09 pm
    ClaimHawk says:
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    RP-

    How exactly did State Farm commit perjury?

    Is the information publically available?

  • May 30, 2006 at 12:51 pm
    Rich Pyorre says:
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    It\’s time for the government to investigate State Farm. The management of this company will lie to get what it wants and once again a jury reviewing the evidence has come to the same conclusion as many other juries: \”State Farm acted in bad faith\”. This is not an isolated incident and it has been happening time after time. State Farm has committed perjury to the IRS and I have the documentation to prove my statement. It is not suprising the jury came to the verdict they did.

  • May 31, 2006 at 12:58 pm
    Another SF says:
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    Man, talk about a sleazeball. You think so little of State Farms products and continue to sell them? Aren\’t you ashamed of yourself?

  • May 30, 2006 at 2:19 am
    sf agt says:
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    I concur. The Federal Government must investigate. Can you say \”Enron\”?

  • May 30, 2006 at 2:25 am
    Nice Adjuster says:
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    I agree. As an adjuster, I would rather eat beans and government cheese than work for State Farm. I stay in this career because my employer dealt with the wind/water issue fairly. From the start, we paid what we could under wind, even if the home was washed away. If a structure was standing, had some roof damage with a stain on the ceiling, we bought the affected rooms contents. Sometimes even I thought we were giving away the farm. Because of our claim philosophy, I actually felt like I was making a difference after Katrina. Helping folks after such devestation, providing my insureds with a shoulder and an ear, was very gratifying. Companies such as State Farm, give the fair and compassionate adjusters a bad name.

  • May 30, 2006 at 2:47 am
    Mark says:
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    What do you mean, can you say Enron? What a moron. State Farm is a mutual company, so they don\’t have stockholders and are basicly owned by the policyholders. What company executive is getting rich by not paying claims? NONE!!!

    Are you realy a sf agent, or do you just play one on the internet?

  • May 30, 2006 at 2:59 am
    sf agt says:
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    Mark, check the National Association of Insurance Commissioners website, Consumer Section, Insurance Company of your choice (SF). The website will show information that mirrors Enron. I am SF agt over 28 years. Mark, I don\’t know your occupation or affiliation, don\’t care. I know what I know.



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