What’s Farmers going to do with all that money anyway?

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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 Farmers to disclose whether it planned to transfer the cash to its Swiss parent company, Zurich Financial Services, as it has done with other large sums over the last several years.

Consumer Watchdog called on Farmers, Zurich, and the Exchanges — insurance companies controlled by Farmers — to provide documents and deposition testimony about whether the consumer class action funds will largely benefiting the defendants in the case, not the customers they ripped off.

Read more about why Consumer Watchdog intervened on behalf of a former Farmers consumer to block the settlement.

Jerry Flanagan
Jerry Flanagan
Jerry Flanagan is Consumer Watchdog's Litigation Director. Flanagan leads Consumer Watchdog’s litigation efforts in the areas of health insurance coverage and access to treatments. He has over 20 years experience working in public interest and health care policy, legislation and litigation.

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