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Violation Tracker Individual Record

Company: Farmers Insurance Exchange
Current Parent Company: Farmers Insurance Exchange
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $117,500,000
Year: 2016
Date: July 14, 2016
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Farmers Insurance agreed to provide $117.5 million in rate reductions to holders of homeowners insurance policy to resolve a long-running case alleging that it had overcharged customers.
Level of Government: state
Action Type: agency action
Agency: Texas Department of Insurance
Civil or Criminal Case: civil
Facility State: Texas
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.