CONTRACTAPPROVED

Town of Iota Awards $600,000 Settlement Contract to State Farm Insurance (April 2024)

Town of Iota logoTown of Iota
Disclosed value
$600,000.00
From meeting minutes
Approved
Apr 8, 2024

The 30-second brief

What it covers

Town to accept $600,000 settlement offer from State Farm Insurance for Hurricane Laura damages, original claim assessed at $829,681.51, with $441,000 already received.

Who holds it

State Farm Insurance holds this settlement contract with Town of Iota. Its other public contracts on record include work for Town of New Trier and Morris Hills Regional School District.

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Contract details

Contract type
Settlement
Amount
$600,000.00
Document date
April 8, 2024
Term
NA
Source document
town-of-iota-meeting-minutes-2024-04-08_399.pdf (Meeting Minutes)

State Farm Insurance's other public contracts

More Town of Iota contracts

Questions about this contract

Who was awarded the settlement contract by Town of Iota?

State Farm Insurance was awarded this settlement contract by Town of Iota, as recorded on April 8, 2024. The contract value is $600,000.00.

How much is the State Farm Insurance contract with Town of Iota worth?

The State Farm Insurance contract with Town of Iota is valued at $600,000.00, covering settlement work.

What type of contract is this?

This is a Settlement contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in town-of-iota-meeting-minutes-2024-04-08_399.pdf (Meeting Minutes), dated April 8, 2024 from Town of Iota. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does State Farm Insurance hold?

State Farm Insurance may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Town of Iota currently buying?

Explore Town of Iota's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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