Farmers Insurance News

Farmers Reports $1.2B in Claims from Northern California Wildfires

Farmers Insurance reported it has received more than 4,000 claims from the Northern California wildfires to date at an estimated gross cost of $1.2 billion. With reinsurance, the Los Angeles-based carrier estimates its incurred loss will be $140 million, and …

Farmers Files Trade Secrets Suit in California Against Auto Club Michigan, Former Employees

Farmers Insurance has filed a lawsuit in California against a pair of former employees and the Automobile Club of Michigan alleging the theft of trade secrets. The suit alleges violations of the California Trade Secrets Act, unfair competition, breach of …

Some Insurance Adjusters Camping Out in Texas after Harvey

To process tens of thousands of auto and property claims with losses already well into the billions of dollars, insurance companies have adjusters camping out across Texas. The Houston Chronicle reports in one case, the adjusters — many of whom …

Farmers Names Fernandez to Head Business Insurance; Kappler to Lead Bristol West

Farmers Insurance has named new presidents for two of its key business units. Sharon Fernandez, most recently president of Bristol West Insurance, has been appointed president of Business Insurance at Farmers. In addition, Eric Kappler, previously head of product management …

Farmers Insurance to Pay $100K in 2015 Oklahoma State Homecoming Crash

An insurance provider whose imprisoned client drove into a crowd at Oklahoma State University’s 2015 homecoming parade will provide $100,000 to the victims. A judge is expected to decide how the money will be divided during an August hearing, The …

Farmers Insurance in California Names Elliott Head of Human Resources

Los Angeles, Calif.-based Farmers Insurance has named Suzie Elliott head of human resources. With her new appointment, Elliott also becomes part of the group’s senior leadership team. She will report to Deborah Aldredge, chief administrative officer for Farmers Group Inc. …

Former Idaho Agent Sentenced for Insurance Fraud

The insurance license of Zane Amy was revoked following an investigation by the Idaho Department of Insurance that showed he altered documents to get his clients premium discounts. Ae was sentenced for insurance fraud, a felony in Idaho. An audit …

Farmers Insurance Expands Rideshare Insurance Coverage to 3 States

Farmers Insurance has expanded its Rideshare Insurance Coverage to drivers in Idaho, Maryland, and North Dakota. Farmers worked with representatives of the states’ insurance departments, legislators and leaders of Transportation Network Companies (TNCs) to develop a product specifically designed for …

Oklahoma Regulators Warn Insurers on Earthquake Coverage Hikes

Oklahoma regulators grappling with a massive increase in small earthquakes in the state linked to growing oil and gas production said on May 24 they were concerned with spiking rates for earthquake insurance coverage and diminishing competition among insurers. At …

Farmers Insurance Launches Rideshare Coverage in New Jersey

Farmers Insurance announced Monday that it has begun offering its Rideshare Insurance Coverage endorsement in New Jersey. The endorsement is designed to offer ride-hail drivers coverage options as part of Farmers personal auto insurance policies. Farmers said the company worked …