State Farm Beats Suit Over Wildfire Coverage, Software Estimates

摘要

A suit by homeowners seeking more insurance coverage from State Farm General Insurance Co. for homes destroyed in California wildfires was dismissed by a federal district court.The owners claimed that the disparity between their insurance coverage and the actual cost to rebuild their homes resulted from State Farm using software developed by Verisk Analytics Inc. By claiming that the computed value was accurate. State Farm was negligent and violated antitrust law, the owners said.