Phoenix Traffic Accident Lawyer
Attorney Representation in Phoenix, Arizona Since 1996
State Farm Insurance
Under Arizona law, when you have been hurt by the negligence of another individual, you can file a claim with the at-fault insurance company. Part of processing a personal injury claim in Arizona is understanding the dynamics of each insurance company. Each insurance company has a different reputation and process of dealing with personal injury claims.
One of the biggest insurance companies is State Farm Insurance. State Farm Insurance in 2010 has been said to be the most profitable insurance company. State Farm profited $1.8 billion dollars in 2010. State Farm headquarters is housed in Bloomington, Illinois. Most insurance companies have a central office that is not going to be located in the state where the accident occurred.
Typically when you bring a claim against State Farm Insurance, you begin by calling a 800 number. The 800 number is not in Arizona. Once you or your Phoenix car accident attorney open the claim, and it is important that the claim is opened correctly with all of the correct information, the claim will then be reassigned to a local representative. Typically these representatives in State Farm work in teams. If you are not sure if you know how to open a claim or how to open it correctly, it is vital that you speak to a personal injury lawyer first to get some initial advice. Many times even the initial call with the insurance company will be recorded and later this call can be used against the injured victim.
Besides being the most profitable insurance company, currently State Farm is also the largest company. They were ranked 34th in the 2010 Fortune 500 which lists American companies by revenue.
To give you some background on State Farm, they were founded by George Mecherle in 1922. Originally State Farm specialized in automobile insurance for professional farmers. Later State Farm went into other areas of insurance, including home owners, banking, financial and life insurance.
It is important to always remember that insurance companies are in business to make money. They are not trying to give the most money possible to injured individuals. They want to make the most profits. That is the goal of all insurance companies. It is important to always remember that insurance companies as well as the adjuster are not working to be the injured victim's friend. The insurance company gathers its information with the goal to give the injured individual as little money as possible.
Most insurance companies like State Farm handle auto insurance claims. Like Arizona, each state for insurance companies is different. In addition to State Farm bringing in exceptional profits, there were other insurance companies not far behind. Some of the other insurance companies not far behind were Farmers and Liberty Mutual.
