Violation Tracker Individual Record
Company:
Mid-Century Insurance Co. of Texas
Current Parent Company:
Zurich Insurance
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 Parent:
Switzerland
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of 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.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
