Farmers Insurance FCRA Class Action Settlement

Farmers Insurance FCRA Class Action Settlement

By Matt O’Donnell

Farmers Insurance has settled yet another class action lawsuit, this time over allegations the insurance company violated the Fair Credit Reporting Act (FCRA) by not providing sufficient notice to policyholders of “adverse action” to their policies. As a result, eligible Class Members can receive a free Equifax credit report and $35 cash from the Farmers FCRA class action settlement.

The Farmers Insurance Settlement will resolve a class action lawsuit, entitled In Re: Farmers Insurance Co., Inc. FCRA Litigation, that alleges Farmers violated the FCRA by using certain consumer credit information to set premiums for consumers purchasing auto or homeowners’ insurance and not providing sufficient notice of the adverse action to those consumers. Farmers denies any wrongdoing, but has agreed to settle to avoid ongoing litigation.

This is the third Farmers class action lawsuit settlement reached this year. Farmers Insurance policyholders may also be eligible to file claims in the Farmers Insurance Med-Pay/PIP Claims Class Action Settlement and the Farmers Insurance Exchange Class Action Settlement. 

Under the Farmers Insurance FCRA class action settlement, Class Members who submit an approved claim form will be eligible to receive a Credit Report Code that will allow them to access a free Equifax credit report. In addition, each Class Member who certifies online that they have reviewed their Equifax report for errors and inaccuracies will receive, after the Settlement Administrator confirms with Equifax that the Credit Report Code was used, a $35 cash payment. This certification form will be made available at www.FarmersFCASettlement.com after the claims deadline of December 18, 2011 has passed. 

Class Members of the Farmers FCRA settlement include anyone who purchased a new auto and/or homeowners’ insurance policy and/or renewed such policy from Farmers Insurance Company, Inc., Farmers Insurance Exchange, Fire Insurance Exchange, and/or Mid-Century Insurance Company between September 28, 1999 and September 28, 2002.

To receive your free credit report and $35 cash from the Farmers Insurance FCRA Class Action Lawsuit Settlement, you must submit a valid claim by December 28, 2011. You can find detailed information about how to submit a valid claim form in our Open Lawsuit Settlements section.