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Last summer, Fitch Ratings projected Geico and Progressive would overtake State Farm in auto insurance premium volume in 2023.
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A Black Illinois homeowner claims State Farm practices covert racial discrimination in how it processes claims. “State Farm does not treat its Black and white homeowners insurance policyholders equally,” states a federal lawsuit filed by Jacqueline Huskey of Matteson in south suburban Chicago.
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In a surprising move that has implications for not-for-profit organizations in central Illinois, State Farm is cutting back on its charitable giving in at least one area. The company website notes retirees will no longer be eligible for the company's charitable matching gift program, effective with the new year.
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State Farm and Rivian are both contracting with clean energy providers to reduce their carbon footprints. State Farm said it's buying enough zero emission renewable energy to power its buildings in Bloomington.
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State Farm has filed a federal lawsuit alleging Amazon of willfully infringing on its patent for a smart speaker tool aimed at older adults. State Farm says this is the first time it’s filed a patent infringement lawsuit.
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State Farm says it has processed more than 10,000 storm damage claims in Florida, following the destruction left by Hurricane Ian. The insurer sent its catastrophe response team from Bloomington and other locations to the Gulf Coast last weekend to prepare for the storm.
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The agreement ends a long-running dispute between State Farm and two former insurance adjusters who won a lawsuit against the insurance giant.
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State Farm denies allegations raised in four race discrimination lawsuits filed in recent weeks against the insurance company. Three women and one man claim they were fired after they reported discrimination and a hostile work environment.
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Insurance industry consultants say there are record numbers of unfilled jobs in that part of the business sector. Analyst Greg Jacobson, of the talent search firm The Jacobson Group, said insurance carrier total employment right now is about 1.56 million people, down 85,000 from two years ago.
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Girls in Bloomington-Normal will get the chance to hone their STEM skills through its Tech Astra summit this fall.