September 23, 1999 |
Farmers Insurance Exchange of Los Angeles has sued a former employee and 27 auto body shops, accusing them of submitting fraudulent property damage reports and repair estimates. The lawsuit is the latest insurer effort to combat false claims using a California statute that allows companies to bring civil lawsuits against those suspected of insurance fraud. Previous lawsuits targeted doctors, attorneys and others accused of faking accidents or exaggerating injuries.
July 27, 2010 |
California's largest auto insurer, Farmers Insurance Group, announced Tuesday that it was reducing its rates by an average of 14.5% for policies issued by its Farmers Insurance Exchange subsidiary. Also, current holders of those policies will get a one-time 10% rebate when they renew them. The move, announced Tuesday, puts the company in compliance with a state law passed in 2006 that changed the way auto insurance providers could calculate their rates, said Mark Toohey, Farmers' senior vice president.