"With negotiations concluded, Allstate ultimately paid $500,000, which was $400,000 more than what the company was contractually required to pay," said plaintiff counsel.
The company said the move will affect only Farmers-branded policies and will not affect policies sold in Florida by subsidiaries Foremost and Bristol West.
A measure to ease insurance claims for serious personal injury was OK'd over the objections of those who said it would create a "fourth bite at the apple."
The complaint alleges that the defendant's actions with respect to the unauthorized use of the Travelers Marks have damaged and irreparably injured Travelers and its associated entities.