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In a separate release, the Consumers' Association of Canada called the profit total "obscene" and demanded a rollback on rates. The strong results suggest the industry is ripe for a rollback in premiums, Consumers' Association president Bruce Cran said in a release. | AutoinsurancePage Excerpt: How many miles are on the odometer. Higher mileage could mean more money spent in service and repair. | Insurance vehiclePage Excerpt:
The alternative to doing less paperwork is for the CHP to hire more officers. But the Legislature's top Democrat said that given California's ongoing budget crisis, there's no money for that or for anything else. | Automobile insurersPage Excerpt: "I thank the investigators for working so hard to protect Floridians from the burden of this kind of fraud. "
In the last two months, DFS investigators have arrested more than 50 individuals throughout Florida for various auto insurance fraud scams. | Insurance carsPage Excerpt: State Farm's numbers have been better than most," said Ken Tappen, an analyst with A. M. |
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Most Recent Article
State Farm Posts $5.3B Profit in 2004
By JAN DENNIS, Associated Press Writer
BLOOMINGTON, Ill. -
State Farm Insurance Co. posted a $5.3 billion profit in 2004, up nearly 90 percent from the year before despite four hurricanes that pounded Florida and other southern states last year.
The nation's largest insurer on Friday credited underwriting earnings that rose despite $2.9 billion in hurricane claims, along with i ...
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