Fogel v. Farmers Group, Inc., No. BC300142
This is not the official settlement website. The official site, which contains a list of your options and details the relevant deadlines, may be accessed at https://fogelsettlement.com/Home.aspx.
This lawsuit concerns the management fees that Farmers Group Inc. charged for managing certain operations of the Farmers insurance exchanges, known as Farmers Insurance Exchange, Fire Insurance Exchange, and Truck Insurance Exchange. The Exchanges paid those fees to Farmers Group Inc. out of the premiums that the Exchanges charged to their customers. The lawsuit claims that the management fees were too high and that Farmers Group Inc. made too much in profits, purportedly in violation of California law. The Defendants dispute these claims. The Defendants claim that Farmers Group Inc. behaved appropriately at all times and that its management fees and profits were and are reasonable.
The Court has not decided in favor of the Plaintiff or the Defendants. Instead, the Plaintiff and the Defendants agreed to a Settlement. That way, both sides avoid the cost and risks of a trial, and the Class Members will get the benefits of this Settlement. The Class Representative and his attorneys, who conducted an extensive investigation of the facts and the law relevant to the lawsuit, think the Settlement is best for all Class Members.
You are a Class Member if you were a subscriber to, or a named insured on an insurance or reinsurance policy issued by Farmers Insurance Exchange, Fire Insurance Exchange, or Truck Insurance Exchange at any time from January 1, 1999, through December 31, 2010. The Class in this lawsuit does not include insureds of any other insurance companies operating under the Farmers Insurance Group of Companies service mark.
The official website contains a more complete list of relevant documents. The following is a list of links to some of the documents that are available on the official site: