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Company: Farmers Insurance
Current Parent Company:
Zurich Insurance
Parent at the Time of the Penalty Announcement:
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Penalty: $25,000,000
Year: 2021
Date: April 5, 2021
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Attorney General Mike Hunter and Insurance Commissioner Glen Mulready announced a $25 million settlement with Farmers Insurance for the company's handling of earthquake claims.
Level of Government: state
Action Type: agency action
Agency: Oklahoma Attorney General
Civil or Criminal Case: civil
Facility State: Oklahoma
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:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.