Farmers Insurance News

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 …

Farmers Insurance Expects $75M in Claims from Midwest Storms

A system of severe weather moving through multiple Midwest states in early April brought tornadoes, hail, severe winds and flooding in Illinois, Kansas, Missouri and Texas. Farmers Insurance estimates that its expected claims volume from these states will total approximately …

Farmers Insurance Looks to Add 200-Plus Agency Owners in Texas

Property/casualty multiline insurer, Farmers Insurance, plans to add 244 agency owners throughout Texas in the coming year. Farmers announced it is offering special incentives to military veterans, reservists and bilingual candidates who can tap the state’s increasingly multicultural consumer markets. …

Farmers to Add More Than 500 Agency Owners in California

Farmers Insurance is looking to increase its presence in California by adding 518 agency owners throughout the state. “There has never been a better time than now for those interested in becoming agency owners to join the Farmers Family,” Stephen …

Judge Orders Farmers Insurance to Pay Oklahoma Plaintiffs $15M

An Oklahoma judge has ordered Farmers Insurance and a subsidiary to pay a total of $15 million to three plaintiffs who filed claims for damage to their homes caused by a deadly tornado that struck Woodward in 2012. The plaintiffs …

Zurich CEO Senn Says Time to Go on Offense to Attract Investors

Zurich Insurance Group AG’s CEO Martin Senn said an above-average dividend is no longer enough for investors and that now is the time to expand his business as the economy rebounds. “The world is a bit more stable,” Senn said …

Consumer Watchdog in California Barks at Farmers

Consumer Watchdog has petitioned Insurance Commissioner Dave Jones a public hearing on the new program private passenger auto filings of Farmers Specialty Insurance Co. The Consumer Watchdog petition seeks to compel Farmers and its affiliates to comply with Proposition 103′s …

Farmers Insurance, Texas Reach Tentative Deal on Mold Claims

The state of Texas and Farmers Insurance want to settle decade-old claims of overcharging and underserving customers for $117.5 million, which would be one of the largest insurance settlements in state history but less than what some people wanted. A …

Farmers Names Weinstein General Counsel in California

Los Angeles, Calif.-based Farmers Insurance named Steven Weinstein general counsel. Weinstein is the former chairman of the Barger & Wolen law firm. Weinstein is replacing Frank Ceglar, a 36-year veteran of Farmers. Weinstein will oversee the company’s legal department, including its litigation team, …