State Farm: Will Pay Only For Most Competitive Glass Price.

In an article we found, State Farm announced as of April 16th, the company will only pay for the most competitively priced piece of auto glass. Click here for the story we found.

The auto glass industry is getting very interesting lately with some states banning glass “brokers” which some insurers utilize and other states moving along legislation placing prevailing “market” price as the law vs. “lowest prevailing price”.

Colorado SB 103 Unfair Claims Bill Shot Down…….

SB 103 in Colorado which address unfair claims practices and has the following verbage below was shot down in committee.

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Defines as an unfair claim settlement practice and a deceptive act 

or practice in the business of insurance the practice of providing any pay, 

salary, reward, bonus, promotion, or other financial incentive to any

person involved in the review of a claim for benefits or to persons 

performing utilization review, in connection, directly or indirectly, with 

the denial of a claim made by an insured or claimant or the cancellation 

of an insurance policy.