State Farm is sending out a record $5 billion (£3.7 billion) dividend to eligible policyholders, with millions of customers already receiving payments and millions more set to follow. The insurer began distributing the money on 31 July, leaving many customers asking the same questions: are they eligible, how much could they receive and when should they expect their payment?
More than 7.2 million cheques had been mailed since payments began, while another 3.8 million were scheduled to go out during the week, according to State Farm spokesperson Steve Baldwin. The dividend applies to policies covering 49 million vehicles.
