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auto insurance news: Appeals Court Throws Out 2002 Farmers Insurance Settlement An appeals court today struck down a nearly $;118-million dollar settlement between Texas and Farmers Insurance Group. The ruling by the Third Court of Appeals in Austin sent the case back to a lower court, which had previously approved the settlement. The 2002 agreement came after Texas claimed Farmers used unfair and discriminatory practices to overcharge its homeowners insurance customers. The Farmers Insurance Settlement Struck Down A court has struck down a $117.5 million settlement Farmers Insurance Group reached with the state in 2002. "We're disappointed in this," Texas Department of Insurance spokesman Jim Hurley said of Friday's ruling by the 3rd District Court of Appeals in Austin. County May Have $900,000 Remaining When It Completes Transition From Self-Insurance The Greene County Commission’s Insurance Committee on Wednesday approved a report on the fund that covers liability and insurance on buildings. The Insurance Committee also approved hiring an actuarial consultant. california quotes providing companies and life insurance news. Plus and InsWeb. |
Friday, 30-Jul-2010 12:35:49 EDT