$90M Adjuster OT Verdict Rocks Insurers

Last week's $90 million judgment against Farmers Insurance Exchange for failing to pay overtime to adjusters in California will be followed by legal action against other insurers in other states, the plaintiffs' attorney warned.

"Some will be facing lawsuits; others have changed their policies," said Steven Zieff of Rudy, Exelrod & Zieff, the San Francisco-based law firm that brought the successful class action against Farmers on behalf of 2,402 adjusters. Insurer representatives said Allstate and State Farm are already targets of such suits.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 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.