Make your own free website on Tripod.com



The "Farmers Insurance "News-Alert" website is dedicated to providing the consumer and general public with detailed information concerning the Farmers Insurance Group. This includes fraud reports, consumer complaints, lawsuit's and other legal actions taken against this company. All information contained herein is for educational purposes only. Original sources, when known are sited.

 

Thursday, April 7, 1994
Home Edition
Section: Business
Page: D-2
BRIEFLY;

INSURANCE;

By: From Times Staff and Wire Reports


Quake Losses Prompt Ratings Review for Farmers Group: Insurance
rating agency A. M. Best Co. said it placed Farmers Insurance Group's "A"
(Excellent) rating under review because of Farmers' announced $600
million in gross claims from the Jan. 17 Northridge earthquake. Best
estimated that quake claims would wipe out 15% of Farmers' capital. Best
said it expected to complete its review next month after evaluating the
insurer's efforts to bolster its surplus and reduce its exposure to
catastrophe losses. Los Angeles-based Farmers is California's
third-largest carrier of property and casualty insurance.




---- START OF CORRECTION ----
For the Record
Los Angeles Times Friday April 8, 1994
Home Edition Business Part D Page 2 Column 6 Financial Desk
1 inches; 30 words
Type of Material: Correction

Farmers Group--Farmers Group is California's second-largest
insurance carrier in total property casualty business, after State Farm.
A Briefly item in Thursday's editions incorrectly ranked the company.
---- END CORRECTION TEXT ----
%


Type of Material: News Brief
Descriptors: A M BEST CO; FARMERS INSURANCE GROUP; INSURANCE CLAIMS; EARTHQUAKES -- LOS ANGELES;

Copyright (c) 1994 Times Mirror Company

 

Attention! All information contained herein is for educational purposes only. No copyright infringement is intended by any material on these pages. The copyrights of the whole multimedia content on these pages are belonging to their originators, authors, creators... etc. All original content is the property of it's originators. Copyrighted material has been used for non-commercial purposes only. This website is best viewed with your monitor resolution set to 800x600 and your video mode set to true color.