DLG Luce – Austin – Farmers Insurance to Pay $84.4 Million For Overcharging Consumers
In an Order of Preliminary Approval filed with the Travis County District Clerk’s office in Austin, The Austin Business Journal has reported that Los Angeles based Farmers Insurance has agreed to return $84.4 million to policy holders in a settlement reached with the Texas Attorney General’s office and the Texas Department of Insurance.
The lawsuit against Farmers was originally filed in 2002 by the Texas Attorney General’s Office, alleging violations of the Texas Deceptive Practices Act. According to State investigators cited in the article, Farmers had consumers paying excessive amounts for premiums while having their coverage reduced without their knowledge. A copy of the Court filing can be found here.
DLG Luce Salazar PLLC is a Texas based business and civil litigation law firm. From our offices in Austin and San Antonio, our attorneys assist clients with diverse legal needs, including first party claims against insurance companies like Farmers. If you or someone you know could use the legal assistance of a DLG Luce attorney, contact any of our offices to schedule a consultation.