Farmers Insurance

The suit also charges the agents with unjust enrichment and contract breach.

Those affected have been invited to interview for open positions with Farmers.

Farmers cited “positive changes” in the state's commercial insurance market.

John Griek joins Farmers after nearly 20 years with Allstate.

Ahead of third quarter earnings, many personal lines insurers are pulling several levers to right-size their operations, including conducting layoffs and reducing exposure.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The rate cuts will affect both new and renewal business across most products, with the biggest reductions affecting new business.

These measures are intended to create a more efficient organization, and they follow a thorough evaluation and reduction of operational expenses across Farmers, the announcement noted.

The review reflects Moody's concerns around Farmers' underwriting results in its core personal lines and its capital adequacy.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The non-renewals would have impacted Georgia homeowners with roofs over 15 years old, said Insurance Commissioner John King, calling it a “blatant violation of Georgia law”.

Farmers Insurance becomes the latest major national carrier to pump the brakes in California, limiting new business to only 7,000 policies per month, signaling further problems in the state’s homeowners’ market.