Take from Insurers, Give to State Courts: $455 Million Class Action Settlement Should Benefit Consumers and Courts, Not the Defendan t
CONTACT Brian Stedge
Los Angeles, CA -- Consumers and the courts, not an insurance company defendant, should benefit from a $455 million class action settlement, Consumer Watchdog argued at the settlement’s final approval hearing in Los Angeles Superior Court today. The unclaimed funds in the settlement of a consumer lawsuit against Farmers Insurance could...
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...
This week Consumer Watchdog's legal team called on Farmers Group, Inc. to disclose how it plans to spend up to $400 million or more in class action settlement funds that are intended for consumers but will revert to the insurance company under the terms of a pending class action settlement. Among other things, Consumer Watchdog called on...
Columnist Asks: Will Farmers Insurance Settlement Turn Into A Good Deal For Customers? Not Likely...
Today Los Angeles Times columnist Michael Hiltzik takes a hard look at a proposed settlement in a lawsuit against Farmers Insurance opposed by Consumer Watchdog. According to Hiltzik, under the settlement, Farmers would likely keep the lion's share of a $455 million settlement fund intended for consumers while lawyers for the plaintiff...