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Source:
Los Angeles Times
Los Angeles Times
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State Farm is sending a $5 billion cashback dividend to auto insurance policyholders, with over 7 million checks mailed since last month and more scheduled. Eligible drivers will receive an average of $100, with amounts based on their premium and location, as part of the company’s strongest financial year. The payout is unrelated to any legal action but reflects the company's improved underwriting performance and lower auto rates. Customers can choose how to receive their payments via email or various electronic transfer options.
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