State Farm has agreed to a $250 million settlement in a racketeering class action case that alleges the insurance company paid big money to install a state supreme court justice in an effort to overturn what could have been a $1 billion judgement against it in an earlier class action case.
I-CAR® has awarded Insurance Gold Class® business recognition at the corporate level to State Farm®, an achievement reserved for insurance carriers that are committed to improving the performance and quality of auto collision repairs.
State Farm’s appraiser staff has completed the PlatinumTM Auto Physical Damage Appraiser (APDA) training requirements in I-CAR’s Pro
Two years ago a collection of lawsuits alleging that insurance companies colluded to fix prices for collision repair reimbursements were dismissed by a federal judge. A decision by an appeals court may revive those cases and several others claiming that insurers are in violation of the Sherman Antitrust Act.
State Farm was granted preliminary approval of a $250 million settlement in lieu of going to trial in a federal class action suit accusing the company of rigging the Illinois justice system to overturn the $1 billion-plus verdict in the Avery et al. vs. State Farm aftermarket parts case of 1999.
RecsLock has teamed up with the Independent Automotive Damage Appraisers (IADA) Association to help shops ensure they are up-to-date on permitting, but at a lower cost than managing the entire process themselves.
While the landscape of the collision repair industry is expected to grow this year, that growth is likely to come from shops who are able to expand their businesses and open new locations, improve their efficiency and build their insurance relationships.
Government Regulatory Compliance, LLC., a consulting firm in Reno, Nev., announced that they will evaluate a new e-Commerce risk rating system as a secondary screening measure for vendors, lenders and insurers in the automotive aftermarket, including body shops, car dealerships, their vendors and insurance partners.
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