Insurance Company To Pay $115M In Service Fee Ruse

Law360, New York (September 6, 2006, 12:00 AM EDT) -- In a setback for Farmers Insurance Exchange and Farmers Group Inc., a superior court judge has ordered the two insurance companies to fork over more than $115 million in "service charges" that were tacked on to consumers' insurance policy premiums.

The decision, signed off on by California Superior Court Judge Jay M. Bloom on June 20 but made public on Tuesday, granted the class action plaintiffs’ motion for summary judgment, ruling that because the service charge was a premium that was not disclosed, it constituted a...
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