Texas auto overcharges prompt suit automobile insurance suits against Allstate Insurance Co and Texas Farmers Insurance Co An article from National and Casualty Risk and Benefits Management
This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on April 15, 1996. The length of the article is 1342 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: Consumers in Zavala County, TX, are suing Allstate Insurance Co. and Texas Farmers Insurance Co. for price gouging. However, Allstate blames Texas insurance department rating methods for the charges. An attorney for the plaintiffs said that the state insurance department’s policy unequivocally states that premiums for semiannual policies calculated from annual premiums should be rounded once, not twice as the companies’ allege. The double-rounding allegedly led to $100 million in excess fees over 10 years by the companies.
Citation Details
Title: Texas auto overcharges prompt suit. (automobile insurance, suits against Allstate Insurance Co. and Texas Farmers Insurance Co.)
Author: Susanne Sclafane
Publication: National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: April 15, 1996
Publisher: The National Underwriter Company
Issue: n16 Page: p4(3)
Distributed by Thomson Gale
Filed under: Auto Insurance Book Reviews