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Award (how much your claim may be worth): The amount of money you can receive from the Farmers Insurance Exchange class action settlement will depend on the amount of premiums you and other Class Members paid during the Class Period.The estimated amount is printed on your individual Settlement Notice.
Class Action Lawsuit Settlement Case(s): Benjamin Fogel v. Farmers Group, Inc., et al., Case No. BC300142, Superior Court of the State of California, County of Los Angeles.
Website of the Class Action Lawsuit Settlement Administrator (FILE YOUR CLAIM HERE): www.FogelSettlement.com
Address to submit a claim form (REQUIRED):
Farmers Group Settlement
Details: Farmer’s Group, Inc. has reached a $455 million class action lawsuit settlement over allegedly charging illegally high fees to its insurance Exchanges, which are owned by subscribers. The Farmers Insurance class action settlement affects anyone who subscribed to an insurance policy issued by Farmers Insurance Exchange, Fire Insurance Exchange or Truck Insurance Exchange between 1999 and 2010.
The Farmers Group class action settlement will resolve allegations that the management fees that Farmers Group received to manage certain operations of the Farmers insurance Exchanges were too high and that Farmers Group made too much in profits in violation of California law. The Exchanges are insurance companies that are owned by their subscribers. The management fees that the Exchanges pay Farmers Group come out of the premiums that subscribers pay for their insurance.
Farmers Group denies any wrongdoing but has agreed to settle the class action lawsuit, entitled Fogel v. Farmers Group, Inc., by creating a $455 million settlement fund to pay out Class Members. Class Members of the Farmers Group settlement include anyone who, at any time between January 1, 1999 and December 31, 2010, had an insurance or reinsurance policy issued by Farmers Insurance Exchange, Fire Insurance Exchange or Truck Insurance Exchange.
As a Class Member, you’re entitled to a certain percentage of the Farmers class action settlement. Your payment will depend on the amount of premiums you paid during the class period as well as the amount of premiums paid by all Class Members during that time period. To receive your share of the Farmers class action settlement, you must submit a valid claim form postmarked no later than December 6, 2011.
Claim forms and more information on your rights in the Farmers Group Insurance Class Action Lawsuit Settlement can be found at www.FogelSettlement.com.
Purchased or Leased From: January 1, 1999 through December 31, 2010
Claims must be postmarked by: 12/6/11
Settlement Administrator(s): Rust Consulting
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Categorized in: Closed Settlements