$52 Million Settlement in Farmers Group Insurance Illegal Pricing Lawsuit Gets First Nod

$52 Million Settlement in Farmers Group Insurance Illegal Pricing Lawsuit Gets First Nod

As reported by the Texas Lawyer (subscription), on Monday, December 16, 2019, Judge Lee Yeakel of the Western District of Texas gave the first round of approval to a settlement of a class action against Farmers Group Inc. valued at $52 million arising from allegations the insurance company systematically charged their existing customers more than they did new customers for the same insurance coverage in violation of the law. The company was also accused of keeping their loyal existing customers in the dark about lower available rates. [Read more…]