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, November 21, 1997
Condo Owners Picket Insurance Company;
Northridge quake: Group says firm shortchanged them $5 million in paying for
repairs to their complex.;
By: BARRY STAVRO
TIMES STAFF WRITER
A group of 30 San Fernando Valley protesters paraded in front of Farmers Insurance headquarters in downtown Los Angeles on Thursday contending that the company shortchanged them $5 million in paying for repairs to their condo
complex, which was damaged in the Northridge earthquake.
The group says Farmers refused to honor a guaranteed replacement quake policy, and that Farmers cut corners by using two sets of deductibles. They further allege that the company refused to pay for some caissons and ground fill to rebuild foundations and wouldn't pay the full cost for upgrades that condo owners made over 20 years, on everything from marble fireplaces to landscaping.
"Farmers is claiming construction costs were exorbitant," although they
relied on engineers that Farmers approved, said Scott Seaton, the condo group's president.
Farmers spokeswoman Diane Tasaka said the company has paid $13.9 million
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