You are eligible if you are a policyholders in California and your policies was issued by Fire Insurance Exchange or Mid-Century, who cancelled their policies midterm, and your return of premium Farmers was calculated on a basis other than pro rata for refunds April 1, 2006 to May 11, 2015.
Proof of Purchase:
Unknown at this time.
Craig Streit, et al. v. Farmers Group, Inc., et al., Case No. BC434852
This lawsuit challenges the way Farmers calculated the return of premium when policyholders cancelled their policies before the end of the policy term.
The lawsuit alleges that, instead of calculating the return of premium on a pro rata basis, corresponding to the unexpired time, Farmers used a method of calculation that led to a smaller return of premium.
The lawsuit alleges that the result was policyholders got less money back than they would have received when they cancelled their policies had the return of premium been calculated on a pro rata basis.