Farmers Insurance News

Farmers Expects $80 Million in Claims from May Storms

Storms moving through multiple states at the end of May including Texas, Oklahoma, Kansas and Arkansas, have resulted in more than 9,000 claims already filed across multiple states for Farmers Insurance. Farmers expects to see nearly 15,000 claims across nine …

Zurich Aims to Cut Costs by $1B, Seeking to Reverse Earnings Decline

Zurich Insurance Group AG, Switzerland’s biggest insurer, will cut costs by more than planned as it seeks to reverse a drop in earnings. Chief Executive Officer Martin Senn said he will make additional annual savings of at least $1 billion by …

Man Who Hacked Farmers Insurance, Government Sentenced in California

A hacker who helped break into the computer systems of DirecTV, Farmers Insurance and the Los Angeles Department of Public Works is going to federal prison. Mario Chuisano was given a three-year sentence last week and ordered to pay nearly $2.7 …

Texas Commissioner Files Revised Farmers Insurance Refund Settlement

On the heels of a recent multi-million dollar refund agreement with the state’s largest homeowners insurer, Texas Department of Insurance Commissioner David Mattax announced a revised settlement with the second largest homeowners insurer, Farmers Insurance, stemming from a 2002 lawsuit by …

Farmers Introduces Rideshare Coverage in Colorado

Farmers Insurance is introducing the company’s first rideshare coverage endorsement in Colorado. The product is designed to provide drivers with the insurance coverage specified in Colorado’s new ridesharing law. Part of the new law includes a provision requiring rideshare drivers …

Farmers Insurance Set to Enter Connecticut in January

Farmers Insurance is set to begin providing insurance and financial services to Connecticut consumers Jan. 1, 2015, pending regulatory approvals, according to company executives who recently briefed local media representatives on the company’s plans. “Farmers is excited about its entry …

U.S. Attorney: Texas Man Guilty in Auto Insurance Fraud Case

A 42-year-old Nederland, Texas, man has pleaded guilty to federal violations related to fraudulent insurance claims in the Eastern District of Texas, U.S. Attorney John M. Bales announced. Antonio Govea Figueroa pleaded guilty to wire fraud charges before U.S. Magistrate …

Texas Woman Pleads Guilty to Crash Staging Scheme

A 32-year-old Port Arthur, Texas, woman has pleaded guilty in a case involving staged auto crashes and fraudulent insurance claims, according to U.S. Attorney John M. Bales for the Eastern District of Texas. Shawnta Rene Bell Jones pleaded guilty to …

Farmers Names White President of Non-Insurance Business

Farmers Insurance has named Thomas White president of Farmers’ non-insurance businesses. This is a newly created position. White will oversee Farmers non-insurance businesses, including Farmers Financial Solutions and Kraft Lake, as well as the development of future new business opportunities. He …

Farmers Insurance, Nonprofit, Team Up on Disaster Recovery in Oklahoma

As storm season ramps up in Oklahoma, a nonprofit group formed in the wake of Hurricane Katrina is teaming with a national insurance company to help better prepare communities for the recovery after a natural disaster. The St. Bernard Project …