Farmers News
Zurich, Farmers to Pay Nearly $4B for MetLife’s U.S. P/C Biz
Zurich Insurance and Farmers Exchanges have agreed to buy MetLife's U.S. property and casualty business for $3.94 billion, the insurers said on Friday, after the COVID-19 pandemic made motor and home ...
Farmers Adds Uber Driver Cover to 13 Additional Markets
Farmers Insurance has expanded its commercial auto insurance coverage for Uber drivers into 13 new markets. In all, Farmers said the product is now available to drivers using the Uber App in 14 ...
Calif. Misclassification Suit Continues Even as Insurers Win Appellate Victory
Insurers and service companies won a major victory this week against lawyers who were trying to bind a group of 1,550 California property appraisers together to sue Farmers Group and Allstate ...
The Hartford Is Snatching Up Foremost’s Small Commercial Agency Biz
The Hartford has agreed to acquire Foremost Insurance's branded small commercial lines business from Farmers. Terms of the transaction were not disclosed. The Hartford said the deal will not have a ...
Farmers Suing Auto Club Michigan, Ex-Employees; Theft of Secrets Alleged
Farmers Insurance has filed a lawsuit in California against a pair of former employees and the Automobile Club of Michigan alleging the theft of trade secrets. The suit alleges violations of the ...
Calif. Wildfire Insured Losses at $3.3B and Rising: Regulator
Wildfires in California have caused insured losses of more than $3.3 billion, based on claims reported by 15 insurers, and the figure will rise, the California Department of Insurance said on ...
Farmers Are at Risk if La Niña Emerges as Some Predict
The El Nino that has dominated global weather for more than a year has ended and may give way by the end of 2016 to a weak or moderate La Nina that can dry up crops in Brazil, soak them with rains in ...
ACE/Chubb Merger Makes it a Major U.S. P/C Player: Fitch
The massive $29.5 billion ACE/Chubb merger in 2015 vaulted the combined company to seventh place in the U.S. property/casualty insurance market. But the remaining top 10 rankings saw few other ...