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Insurance Company Could Be Fined Billions

By IA Nation | Carrier News

Jan 17

“The California Department of Insurance says State Farm is not moving fast enough to lower its rates for homeowners and renters and  it could face billions of dollars in fines if it doesn’t speed up the process.

The threat of hefty fines, sent Friday to State Farm, escalates an increasingly bitter fight between the department and the Bloomington, Ill., insurance giant.”

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