Like a Good Neighbor?

Geoff Trachtenberg

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Randy Udelman reports on the record profits from State Farm Insurance, noting:

In the midst of its record-setting year, according to a recent story on CNN, State Farm apparently adopted a policy to minimize settlement offers for low-impact motor vehicle collisions forcing accident victims to take substantially low settlement offers or spent significant costs in litigation. Moreover, Katrina victims were forced to sue State Farm for refusing to pay property damage claims. By minimizing payouts to its policy-holders, these steps have maximized State Farm's profitability to record levels.

There's no love lost for the Good Neighbors at StateFarmStillSucks.com, which chronicles complaints and lawsuits against the company.