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, February 23, 1995
No Shilly-Shallying --Mail the Rebates; Some insurance companies don't give up
The industry mounted a long and expensive legal challenge to the reforms of 103
beginning one day after voters approved it. The initiative called for auto, homeowner and
commercial property insurers to roll back
So now, after a six-year wait, California auto policyholders will receive rebates of more than $2 billion, or about $200 a piece, for premiums paid in 1988 and 1989. Quackenbush has called on insurers to meet with his staff, settle on the amount of rebates they owe and send out checks.
Voters approved Proposition 103 out of frustration over soaring insurance premiums.
Legal wrangling between consumer groups and insurers is likely to continue, but meanwhile
Quackenbush must operate in good faith to protect consumer interests.
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