Industry News

Farmers Insurance to pay $3.4 million in fines, refunds

Missing fire-hydrant data allegedly led to overcharges
Published on Sep 6, 2007

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by CareyBot

Farmers Insurance Group has agreed to refund $1.4 million in homeowners insurance premiums and pay $2 million in fines to settle allegations by California regulators that the company overcharged more than 5,000 customers and arbitrarily refused to renew others’ policies. ...