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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.

 

Friday, October 8, 1993
Home Edition
Section: Business
Page: D-2
BRIEFLY

AIRLINES

By: From Times Staff and Wire Reports



Surgin Surgical Wins $58 Million: An Orange County Superior Court
judge awarded Surgin Surgical Instrumentation Inc., a Placentia surgical
equipment maker, more than $58 million in a lawsuit against an affiliate
of Farmers Insurance Group. The judge found that Truck Insurance Exchange
of Los Angeles acted in bad faith by not representing Surgin properly
when it was hit with two patent infringement lawsuits. As a result,
Surgin said it lost more than $12 million in profits when it was forced
to stop making a device used in cataract surgery. Truck Insurance
officials denied any wrongdoing and vowed to appeal the decision.






Type of Material: News Brief

Descriptors: TRUCK INSURANCE EXCHANGE; SURGIN SURGICAL INSTRUMENTATION INC; INSURANCE INDUSTRY -- SUITS; SETTLEMENTS

Copyright (c) 1993 Times Mirror Company

 

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