Monday, January 5, 2009

Insurance and Tutoring/Mentoring: State Farm

One of a series of maps that show how area insurance companies are in positions to help in the fight against poverty... State Farm Branch locations:

(click on the map to see a larger, high resolution version)

With so many State Farm Insurance branches scattered throughout Chicagoland, perhaps branches can work together to build strategies that fight poverty that improve the chances that kids near (and in) their markets grow up to become home owners, car buyers, and in turn, State Farm clients.

Partnerships and alliances that improve support for tutoring and mentoring have worked for the legal industry, and with the close proximity of branches - and shared market/community interests - perhaps similar partnerships can benefit the insurance industry as well.

To learn more about the benefits of volunteer involvement for businesses, and how tutoring and mentoring can assist workforce development, please take a look at the following Tutor/Mentor Institute document.

And for more information on why tutoring and mentoring makes sense in general, please read this document.

Location data provided by search of Map may not be all-inclusive, and is subject to errors or omissions in data.

1 comment:

Joy said...

There is a fraudulent clause in policies issued by State Farm that has affected consumers from NJ in particular. I'm sure it is taking place in many other states as well. State Farm has three versions of when a claim can be filed under their Renters' Policy. Their Renters' Policy states the following: "Further no action action with respect toCoverage L shall be brought against us until the obligation of the insured has been determined by a final judgment or agreement signed by us" (emphasis added). In contrast, an acknowledgment claim letter sent out by the company states: "Suit Against Us. No action shall be brought unless there has been compliance with the policy provisions. The action must be started within one year after the date of loss or damage" (emphasis added).

State Farm has also asserted a third position regarding when a claim can be filed: "Although NJ courts have also applied a 'tolling period' for the time the claim is being investigated, this tolling period does not in any way change the fact that the one year period starts to run on the day of the loss."

New Jersey Statute states the following: "If the commissioner shall at any time notify any insurer of his disapproval of any such policy formbecause it contains provisions which are unjust, unfair, inequitable, misleading or contrary to law, it shall be unlawful for such insurer thereafter to issue any policy in the form so disapproved. Such disapproval by the commissioner may be reviewed by a proceeding in lieu of prerogative writ."

The policies posted by State Farm clearly violate this Statute and are indeed misleading and unjust! NJ legislators and all State legislators who have citizens being affected by this fraud should step up and do something. The people need help!