By the end of this week, 12.5 million current and former Farmers insurance customers across the country will get a notice in the mail about a pending class action settlement. That notice provides consumers information about their rights under the settlement, which provides $455 million to consumers. Consumer Watchdog has intervened in the lawsuit to object to the settlement on the following grounds:
- "The claims-made process is not fair and will likely produce a windfall" for Farmers.
- "Paying unclaimed settlement funds to the Exchanges [controlled by Farmers] is improper and does not guarantee any minimum benefit to the class."
- "The proposed settlement contains a grossly overbroad release" of legal claims by the class.
Read more about the settlement.
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