BLOOMINGTON — State Farm is giving its employees nationwide $1,000 bonuses for meeting challenges stemming from a catastrophic year of natural disasters.
"This is not related to the tax reform bill that was just signed into law," State Farm spokeswomen Missy Dundov said Friday. "This is a recognition to our employees for a job well done."
"This bonus is a recognition of the contribution and accomplishiments of our employees in helping us be there for our customers now and into the future," said the company in a statement.
The one-time bonus is in addition to the annual incentive and merit programs through which State Farm employees would receive bonuses or raises, said Dundov.
Any of the Bloomington-based insurer's 65,000 employees who are part of the incentive program will receive the $1,000 bonus.
"This is for the exemplar work our employees did in helping our customers in 2017," said Dundov.
State Farm and other nationwide insurers saw claims soar during the year as a result of devastating hurricanes in Texas, Florida and Puerto Rico and catastrophic wildfires that severely damaged extensive areas in California.