09/08/2026
An Oklahoma couple, Billy and Lacy Hursh, sued State Farm after it denied their homeowners claim. Their lawsuit alleges the company used a hidden scheme to systematically deny and underpay hail claims — the kind of claims Oklahomans and Texans pay premiums on year after year. More than 800 similar cases are now pending.
When the Hurshes' lawyers sought to depose State Farm's CEO, the company fought it. Its argument? The chief executive has no relevant information about how his own company handles claims.
State Farm's CEO earns a base salary reported at around $4 million a year. That's before bonuses — and State Farm won't say what the bonuses are. But we know what the last CEO made: $24.4 million in 2022, the highest-paid CEO in the entire personal lines insurance industry. About $2.4 million of that was salary. The rest was bonus.
And the company he runs? State Farm posted $12.9 BILLION in net income in 2025.
So the man paid millions to run a company that made nearly $13 billion last year says he knows nothing worth asking about how that company decides which claims to pay.
The court didn't buy it. The CEO will sit for a deposition — meaning he'll answer questions under oath, on the record, the same way my clients have to when they're questioned by an insurance company's lawyers.
Insurance companies collect your premiums. When it's time to pay, some of them have a playbook: delay, deny, and fight.
An Oklahoma County Court judge has ordered State Farm’s CEO to undergo a deposition in a lawsuit filed by an Oklahoma couple over hail damage claims.
