Commissioner Downing Announces Historic Settlement with State Farm Regarding Unfair Claim Settlement Practices the Parties Agreed that Certain Auto Accident Claimants were Inappropriately Denied Payment

Troy Downing, the Montana Commissioner of Securities and Insurance (CSI), announced today a settlement with State Farm Mutual Automobile Insurance Co. (State Farm), wherein State Farm agrees to pay a $2 million fine and to be subject to an additional suspended fine of $2 million that will be discharged upon State Farm satisfactorily implementing corrective actions.

"Today we send a clear message that Montana will not tolerate unsupported fault being placed on victims of auto

Commissioner Downing Announces Historic Settlement with State Farm Regarding Unfair Claim Settlement Practices the Parti...

 

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