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Texas sues Farmers Group over homeowner insurance practices
The state accuses Farmers Group Inc. of excessive and unjustified homeowners premiums via deceptive and discriminatory methods. The suit, filed in Austin, seeks refunds up to 140 million and civil penalties while alleging improper charges for catastrophes and higher premiums based on credit history. Texans harmed could receive up to 25 000 per person. Governor Perry and Attorney General Cornyn cite profit masking and broader industry issues.
MENTIONED IN THIS ARTICLE
Houston
State of Texas
Farmers Group Inc
U.S
Austin
John Cornyn
Rick Perry
Texas Department of Insurance
Perry
Texas Allstate
State Farm
Bill Miller
Texas