Bad Faith Claims In Washington State Against Farmers Insurance Group
According to Washington State Office of the Insurance Commissioner, out of 101 auto insurance companies in Washington state Farmers Insurance had the most complaints (173) in 2005. In 2007, Farmers Insurance spent over $1.8 million dollars to fight a Washington state law that would make it illegal to treat customers unfairly. According to State Department of Insurance reports that Farmers Insurance has numerous complains in Washington State. The Better Business Bureau (BBB) has given Farmers its worst rating, an “F”.
Farmers Claims Adjusters Offer Low-Ball Settlements & Deny Claims
Farmers Insurance’s own customers frequently must resort to filing lawsuits after being offered low-ball settlements for injury claims and/or having their claims denied. And injury victims who suffered due to an accident caused by someone insured by Famers often have to file lawsuits in order to receive fair compensation for their injuries, harms and losses.
Farmers Insurance company offers its claims adjusters incentives to deny claims or reduce settlement amounts with low-ball offers--like bonuses, $25 gift certificates, pizza parties or other incentives.
Insurance Bad Faith Lawyers Against Farmers Insurance Company
Davis Law Group, P.S. founder Chris Davis is one of the most respected and recognized civil litigation lawyers practicing in Washington State. Davis Law Group has been named Best Injury Law Firm in Washington State by AI Dispute Resolution Awards.
If you or a loved one has been seriously injured in a motor vehicle accident in Washington State contact attorney Chris Davis and the team at Davis Law Group at 206-539-0939 to schedule your free legal consultation.
Farmers Insurance Group Company Profile
Farmers Group, Inc is based in Woodland Hills, California and is the US subsidiary of Zurich Financial Services. Combined with the other companies in the Farmers Insurance family (Farmers Insurance Exchange, Truck Insurance Exchange, and Fire Insurance Exchange), this is one of the top US property/casualty insurance companies. Farmers is also the holding company of Farmers New World Life Insurance and specialty insurer Foremost Insurance. The company has over 28,000 employees.
In 2012, Zurich Insurance Group reported a business operating profit of $4.1 billion. Farmers Management Services business operating profit increased by $71 million to $1.4 billion or by 5 percent, primarily driven by the increase in gross earned premiums in the Farmers Exchanges, which are managed but not owned by Farmers Group, Inc., a wholly owned subsidiary of the Group.
Fortune Rankings : Farmers Group, Inc.
- #264 in FORTUNE 500 (June 2015)
- #264 in FORTUNE 1000 (June 2015)