Zurich Financial Services Group said its subsidiary, Farmers Group has agreed in principle to a $545 million settlement of a class action lawsuit that had accused the insurance group of overcharging for fees paid by the Farmers Exchanges.
American International Group Inc. and Zurich Financial Services Group announced a $1.9 billion deal last week for the sale of AIG's auto unit--21st Century Insurance Group--to a Zurich subsidiary, Farmers Group Inc.