Status: open
Farmers Group (Commercial Insurance)
Defendant: Farmers Group
Arizona Commercial insurance policyholders who made a claim where the date of loss was on or after August 18, 2015 and was closed by Farmers on or before February 5, 2019 and did not recover “Previously-Withheld Labor Depreciation” may be eligible for 50% of the unpaid labor amount. The company reached a settlement over allegations of “improperly depreciated labor costs on actual cash value payments for structural losses under commercial insurance policies.”