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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.

 

FARMERS INSURANCE EXCHANGE PAYS $35,000 FINE


Published on Wednesday, November 9, 1994
1994 The Arizona Republic


One of the state's biggest insurers has agreed to pay a $35,000 state fine for multiple violations of Arizona insurance law.

Farmers Insurance Exchange, Farmers Insurance Co. of Arizona and several affiliated insurers also agreed to pay policyholders more than $18,000 to compensate for improper rates, claims delays and underpayments.

Ruben Snowden, Farmers of Arizona vice president, said most of the violations were inadvertent and have been corrected.

 

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