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State Farm, IDOI Revisit Indy Hailstorm Claims

State Farm recently reached an agreement with the Indiana Department of Insurance to conclude a market conduct examination that began in March of 2007. The examination focuses on State Farm's response to an April, 2006 hailstorm.

By Christina Bramlet | Updated on May 26, 2009

As part of an agreement with the Indiana Department of Insurance (IDOI), State Farm will reevaluate close to 35,000 policyholder claim files and pay $275,000, which will be deposited into the State of Indiana’s General Fund.

Adopted by IDOI Commissioner Jim Atterholt, the agreement will mark the conclusion of the market conduct examination that began in March, 2007 after 200 State Farm policyholders lodged complaints. The examination, which focused on State Farm’s response to claims resulting from an April, 2006 hailstorm in Indianapolis, found no violations of state law. During the course of IDOI’s examination process, State Farm has already revisited and paid policyholders an additional $1,799,544.

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