![]() ![]() See Court’s Findings, Conclusions and Order Regarding Punitive Damages and Evidentiary Rulings, Campbell, at 17-27. We summarize here three examples from those findings of State Farm ‘s most egregious and malicious behavior.įirst, State Farm repeatedly and deliberately deceived and cheated its customers via the PP&R scheme. With these standards clearly in mind, the trial court made nearly twenty-eight pages of extensive findings concerning State Farm ‘s reprehensible conduct. … Moreover, "deliberate false statements, acts of affirmative misconduct, or concealment of evidence of improper motive" also warrant larger awards. There, the Supreme Court stated that the defendant’s misconduct is "perhaps the most important indicium of the reasonableness of a punitive damages award." …Repeated "trickery and deceit" targeted at people who are "financially vulnerable" is especially reprehensible and worthy of greater sanctions. It mirrors the "reprehensibility" factor described by the United States Supreme Court in BMW of North America, Inc. This factor specifically analyzes the nature of the defendant’s conduct in terms of its maliciousness, reprehensibility, and wrongfulness. Co., the Utah Supreme Court in 2001 found: is very capable and bright, but is he earning the position or does he just get to keep it because of his dad and long standing family ownership of State Farm’s management?įor example, in the 2001 case of Campbell v. After all, in the United States, we believe in earning leadership rather than being born into it.Įd Rust Jr. I suspect a number of highly qualified agents and claims adjusters wonder why there has been no change in the top management for two generations. Everybody-especially Rust–knows that State Farm Florida is paying millions that would otherwise be profits to State Farm Mutual. He is the chief corporate leader of State Farm Mutual, the corporation that allows its wholly owned subsidiary, State Farm Florida, to essentially lie about its financial situation. was the person who ultimately decided that thousands of State Farm policyholders would be underpaid or denied benefits in Mississippi. He also serves on the advisory councils of the Stanford University School of Business, the University of Illinois College of Commerce and Business Administration, and The Business Roundtable.State Farm lost its most significant claims case while Ed Rust Jr. He is a member of the Illinois, Texas and American Bar Associations and the board of governors of the Institute for Civil Justice. Rust serves as a trustee for Illinois Wesleyan University, for the American Enterprise Institute, and for the American Institute for Property and Liability Underwriters. He became executive vice president and chief operating officer in 1982, president and CEO in 1985 and chairman in 1992. ![]() He quickly advanced to senior attorney, assistant vice president, then vice president. He joined State Farm in 1975 at its regional office in Dallas and returned to the home office in Bloomington a year later as an attorney in the corporate law department. His interest in the sport is continued by his son, Barry, also a successful high school wrestler. Rust wrestled four years at Bloomington, Illinois, High School and four more at Illinois Wesleyan. Rust is president, CEO and director of eight State Farm affiliates and chairman and CEO of two more, covering the full gamut of insurance, investment management and international services. ![]() He is chairman of the board, president and CEO of State Farm Mutual Automobile Insurance Company, and heads ten related State Farm entities. After earning MBA and law degrees at Southern Methodist University, Ed Rust has risen to the top of the insurance world.
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