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, July 4, 1991
Home Edition
Section: Business
Page: D-2
BRIEFLY

LAW & REGULATION

By: From Times Staff and Wire Reports



$62-Million Jury Award: An Orange County jury awarded $62 million
to a Cypress engineering firm whose insurance company failed to honor a
liability claim. The jury found Truck Insurance Exchange and its parent,
Farmers Insurance Co., guilty of "malice, fraud and oppression," toward
Marmac, its founder and four stockholders. The award consisted of about
$1 million in compensatory damages and more than $60 million in punitive
damages. The huge award, which observers said will undoubtably be
challenged, is one of the largest judgments in Orange County.






Type of Material: News Brief

Descriptors: FARMERS INSURANCE CO; SUITS; DAMAGES; MARMAC (COMPANY)

Copyright (c) 1991 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.