UntitleChicago Insurance Agent Pleads Guilty to Federal, State Tax Evasiond
(All images, information, and text courtesy of insurancejournal.com. Copyright 2018. All Rights Reserved) A Chicago insurance agent has pleaded guilty to failing to pay federal and state taxes on more than $4.7 million in income earned over a decade, according to federal prosecutors. The office of the United States Attorney for the Northern District of Illinois reported that John Ocwiej, 49, admitted he failed to pay income taxes for tax years 2006 to 2016, causing a combined
State Farm Avoids Racketeering Trial With $250M Settlement
(All images, information, and text courtesy of claimsjournal.com. Copyright 2018. All Rights Reserved) State Farm agreed to pay $250 million on the brink of a trial to customers who claimed the company tried to rig the Illinois justice system to wipe out a $1 billion jury verdict from 19 years ago. The customers were seeking as much as $8.5 billion in damages in a civil racketeering trial that was set to start Tuesday in federal court in East St. Louis, Illinois. A judge gran
State Farm Faces $8.5B Claim 19 Years After Damage Award
(All images, information, and text courtesy of claimsjournal.com. Copyright 2018. All Rights Reserved) Planning for the caper involved finding the right man for the mission, organizing front organizations to dole out $3.5 million to ensure the job got done, and then creating a disinformation campaign to disguise their handiwork. This wasn’t the premise of a spy novel. It’s what policyholders allege a unit of State Farm, the biggest U.S. auto insurer, did to get a friendly jud