October 25, 2005
Jefferson City, Mo. — Attorney General Jay Nixon has posted on his Web site information about 265 previously damaged vehicles that were affected by the state of Missouri's settlement earlier this year with State Farm Mutual Insurance Co. The information includes the vehicle identification number (VIN), make, model and year of each of the vehicles.
Nixon and 48 other state Attorneys General reached an agreement with State Farm earlier this year over the company's failure to make certain the vehicles were properly titled. The agreement covers approximately 30,000 vehicles nationwide, including the 265 in Missouri, that should have been designated as salvage on their titles.
State Farm is paying $40 million to the consumers who currently own the vehicles. Those owners were recently contacted by letter with information about the settlement by a third party administrator. The final amounts received by consumers will depend on the current value of their vehicle and how many consumers elect to participate in the payment program.
Nixon said the settlement does not preclude those consumers from rejecting the State Farm offer and seeking their own legal recourse, nor does it affect the legal rights of previous owners of the vehicles.