State Farm and New Jersey Manufacturers will pay insured motorists close to $200 million in dividends this year as the state's auto insurance picture continues to improve three years after instituting reforms.
Yesterday, New Jersey Manufacturers Insurance Company (NJM) based in West Trenton, N.J., said it would pay a special dividend to its customers amounting to $69.9 million.
Wednesday, State Farm Indemnity Company, a subsidiary of Bloomington, Ill.-based State Farm Insurance Companies, said it would make dividend payments to its auto policyholders amounting to $130 million.
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