State Farm Pays $775,000 Settlement In Minn.
NU Online News Service, Dec. 5, 4:30 p.m. EST? State Farm Insurance has paid Minnesota $775,000 in penalties and costs to settle allegations of improperly rejecting auto injury treatment claims and other illegal practices, the state's top insurance regulator said today.
Minnesota Commerce Commissioner Jim Bernstein said the payment was part of a settlement in which the Bloomington, Ill.-based company, while admitting no wrongdoing, had agreed to change its business practices for auto and homeowners insurance.
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