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.