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.
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