State Farm's $310M Texas Rate Fight Sent Back To Regulator
By Jess Krochtengel ( November 26, 2014, 6:37 PM EST) -- A Texas appellate court on Wednesday largely rebuffed State Farm Lloyd's challenge of a Texas Department of Insurance order to refund homeowners insurance policyholders about $310 million for excessive rates charged over a five-year period, but held the agency's rate calculation for several of those years was arbitrary and capricious....
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