Hundreds of thousands of Texas homeowners may be poised to share a $117.5 million settlement between the state and Farmers Insurance, more than a decade after the company first clashed with regulators in court over its rates.
Under the agreement, the company would issue refunds or premium reductions to current and former customers. It would also get credit for past premium cuts. The total would be one of the largest insurance settlements in state history.
Read the entire story by Terrence Stutz in The Dallas Morning News HERE.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
