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Violation Tracker Individual Record

Company: Mid-Century Insurance Co. of Texas
Current Parent Company: Zurich Insurance
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $11,000,000
Year: 2000
Date: March 7, 2000
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: The largest Texas auto insurance carrier in the Farmers Insurance Group agreed to refunding approximately $11 million in premium overcharges to 800,000 Texas policyholders and reduce its current rates by 3 percent.
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: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: FARMERS REFUNDS $11 MILLION IN TEXAS, BestWire, March 7, 2000 (via Nexis).
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.