Farmers’ Insurance has agreed to refunds for its horrible “Use it or Lose it” program. A blurb:
Farmers Insurance Group has agreed to pay $3.4 million in fines and customer refunds to settle complaints that the insurer unjustly raised premiums or cancelled policies of consumers who filed claims. According to California insurance regulators who filed the complaint, Farmers routinely penalized policy holders for using their insurance for its intended purpose, an industry practice known as “use it and lose it.” Refunds are expected to be extended to approximately 6,000 customers.
Amazing. People used their insurance and then they were cancelled. You use what you pay for and then they cancel you? Simply amazing.
You can read my prior thoughts on this here.
If you think you qualify, make sure you file your claim timely.