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Caribel Washington made history, and then she made sure history wouldn’t forget. She became a civil rights pioneer, faith leader and humanitarian. She died in 2011.
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The Bloomington-based insurance giant State Farm says the move comes after "careful analysis" of the company's financial health in the midst of various challenges, including California regulatory changes and increased costs and "catastrophe" exposure.
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Jon Farney, an Illinois State University alum, took over as State Farm president from Michael Tipsword at the start of the year. He’s been with State Farm since 1993.
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State Farm posted a net loss of $6.3 billion in 2023, driven largely by a "significant increase" in catastrophe claims by homeowner policyholders, the Bloomington-based company reported Thursday.
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The District 87 school board unanimously approved the $4.5 million purchase of a building at 2309 E. Oakland Ave from State Farm. The district plans to use the new space to expand its capacity for early education.
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Rivian plans to begin production of its compact SUV, the R2, in 2026 at its new manufacturing plant in Georgia.
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Jon Farney joined State Farm in 1993 and has worked in various leadership roles within the company. The Illinois State University alum became senior vice president, treasurer and chief financial officer of the company in 2016.
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After several years of sharply rising catalytic converter thefts State Farm said this year may break the trend. Through the first half of the year, the Bloomington-based insurance giant said thefts are down 37% nationwide and in Illinois.
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The Bloomington school district said it's working on an agreement with the insurance giant to acquire the company's building at 2309 E. Oakland Ave.
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The lawsuit alleges that the Bloomington-based insurer had not notified customers of an August breach at the time of the court filing. State Farm calls the allegations in the lawsuit "factually and legally baseless."