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Farmers Insurance

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Farmers Insurance, state agree to cut ‘excessive’ rate hike

By ⋅ January 14, 2010 ⋅ Post a comment

(DALLAS NEWS) - Farmers Insurance agreed Monday to scale back a double-digit rate hike for homeowners coverage in Texas. But the company will get to keep millions of dollars it has collected the past six months, even though the state declared those premiums excessive.
Farmers, one of the largest insurers in Texas, had proposed a statewide [...]

State Farm to raise homeowners insurance rates as much as 14 percent in Dallas area

By ⋅ July 17, 2009 ⋅ Post a comment

(DALLAS NEWS) - State Farm Insurance filed notice with the state Wednesday that it will raise its homeowner policies as much as 14.4 percent in the Dallas area, becoming the third and largest insurer to hike rates in the past month.
State Farm officials blamed the boost on a slew of spring storms unleashing hail damage [...]

State Farm could owe $0 to $1 billion

By ⋅ June 17, 2009 ⋅ Post a comment

(FORBES) - Pick a dollar amount be zero and 1 billion. Depending on who you ask, that’s what State Farm Insurance owes its Texas customers for overcharging on homeowner policies dating to 2003.
The Office of Public Insurance Counsel, the state’s consumer advocate for insurance, says in documents filed this month that Texas’ largest property insurer [...]

$117 million in Farmers refunds for Texas policyholders has been in limbo 7 years

By ⋅ March 10, 2009 ⋅ Post a comment

(dalasnews) - It’s becoming known as the case of the missing insurance refunds.
Back in the fall of 2002, Farmers Insurance and state regulators agreed to resolve allegations that the company had overcharged customers with a $117 million settlement that included refunds and lower rates for nearly half a million policyholders.
Shortly after the agreement was announced, [...]

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