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Farmers Insurance Exchange Class Action Settlement
By Matt O’Donnell
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Farmer’s Group, Inc. has reached a $455 million class action lawsuit settlement over allegedly charging its insurance Exchanges, which are owned by subscribers, illegally high fees. The Farmers 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.Â
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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.
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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.Â
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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 online at FogelSettlement.com or postmarked no later than December 6, 2011.
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Detailed information on how to submit a valid claim form and receive your share of the Farmers Group Insurance Exchange Class Action Lawsuit Settlement can be found in our Open Lawsuit Settlements section.
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Updated June 16th, 2011
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51 thoughts onFarmers Insurance Exchange Class Action Settlement
Recieve a letter about a refund from fire insurance exchange has transferred the funds in to a third party trust account …how can i get a hold of them
I got the post card and mailed it
I owned 30 properties been a customer 4
20 years I want my refund due me if they have settled
I sent the list of all 30 properties and there better be a check soon
I have a claim and was left a message and I call number back number not working.
5 feel certain that either my deceased Dad, Richard Chester Wright, or Deceased stepmpther and probably my deceased Grandmother is part of this suit or even have unclaimed insurance. Anyone know how to fink out?
I’ve never received my check either.
I received a settlement check that I did not cash within the 90 day period after its issue. How do I get a new check?
Still waiting on my check. Please contact me right away with a reason. I was told it would be here by mid January 2014.
i didn’t get all of my replacement refunds for my furniture etc.
we never recived any information are mail to are claim on are part from suit FOGEL SETTLEMENT (GROUP,INC.NO.(BC300142) CLAIM NUMBER (0173425204) AND ARE REFERENCE NUMBER (10662745) NOW I WANT TO KNOW WHY WE WERN,T SENT A CHECK IT ALREADY ONE MORE YEAR WE SHOUNLD HAVE RECIVED IT HAD CLAIM IN AND HAVE ALL THE INFO NEEDED SO WHERE IS ARE MONEY ARE IS EVER BODY LIKE ARE GOVERMENT SCREW THE WORKING CLASS I GUESS IF THEY DO IT YOU CAN TOO
i would like to know where my money is have not gotten anything from you since i filled this it said 4 to 6 weeks it has been 6wks.
What happened to my claimed i filed 6/14/2011. Where is the money?