State Farm Bad Faith Insurance Claims
Insurance companies are contractually bound to properly handle and process insurance claims. State Farm is no different. Policyholders, as well as third parties, can expect good faith and fair transactions. No intentional harm should come to their clients due to willful misconduct and deceitfulness.
If you were the victim of an automobile accident and filed an insurance claim that you feel was treated in bad faith by the State Farm insurance agency, you should speak to an automobile insurance claims attorney. You may be eligible to file suit against the insurance giant.
Important Information Regarding State Farm Insurance
You are probably familiar with State Farm’s catchy jingle, “Like a good neighbor, State Farm is there.” And though Barry Manilow wrote the tune and Weezer recorded it, the company does not necessarily always behave as the tune tells us they will.
State Farm is a hugely profitable corporation that ranked 42 on the Fortune 500 list in 2022. At the end of 2022, the company had a net worth of $131.2 billion. State Farm Mutual Automobile Insurance Company is the primary business. They are the parent company of State Farm Fire and Casualty Company, State Farm Guaranty Insurance Company, State Farm International Life Insurance Company, Ltd., State Farm Life Insurance Company, and State Farm Life and Accident Assurance Company.
Types of Insurance Provided by State Farm
State Farm provides a variety of insurance products, including:
- Car insurance
- Homeowners insurance
- Health insurance
- Long-term care insurance
- Disability insurance
- Liability insurance
- Motorcycle insurance
- Life insurance
- Identity protection
- Property insurance
- Boat, camper, sport, and leisure vehicle insurance
State Farm’s Bad Faith Insurance Practices
State Farm has a reputation for bad faith practices and has faced much criticism in the media and beyond. Jake from State Farm would not tell you this, but State Farm’s reputation for bad faith practices became a real sticking point when they denied numerous property insurance claims filed by Hurricane Katrina victims.
While it is no secret that insurance companies are making money, it is rather shocking to find out that they use misleading language to defraud some of their policyholders. A United States senator, Trent Lott, called the company out for taking advantage of the hurricane victims in this way. They denied 3,000 property insurance claims but were forced to revisit each claim and eventually settled the victims’ claims by paying an additional $30,000,000.
Arizona State Farm policyholders should be fairly treated, and the company should be held accountable for measures they take in bad faith. Bad faith insurance practices are not taken lightly in Arizona and should be held responsible under the law.
Contact an Arizona Bad Faith Insurance Lawyer Today
If you or a loved one are Arizona residents and were involved in an automobile accident, your insurance company has the legal responsibility to handle and process your claim fairly. If it is evident to you or if you believe that State Farm has acted in bad faith, contact Surrano Law Offices today. Our Arizona bad faith insurance attorneys can explain to you your options and ensure that your legal rights are protected.
Our skilled lawyers have experience handling bad-faith insurance claims in Arizona and are ready to stand beside you against the insurance titan.