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COVID Rulings May Support Ransomware Insurance Denials | Zelle LLP

COVID Rulings May Support Ransomware Insurance Denials | Zelle LLP
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Cameraman Seeks Compensation for Images Lost to Thieves

A professional photographer is suing Farmers Insurance Exchange, alleging the company breached its obligations to compensate him under a policy for 2,000 images stolen along with his equipment in 2020. ....

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Cameraman Seeks Compensation for Images Lost to Thieves | The Patriot KEIB AM 1150

A professional photographer is suing Farmers Insurance Exchange, alleging the company breached its obligations to compensate him under a policy for 2,000 images stolen along with his equipment in 2020. ....

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Man claims he was sold Farmers Group insurance agency at inflated price

BELLEVILLE The buyer of a Farmers Group insurance agency claims the company fraudulently sold him the business at an inflated price.
Steve Junge filed a complaint May 12 in the St. Clair County Circuit Court against Farmers Group Inc., Jeff Floweree, Elizabeth Louis and Jason Tuck, alleging fraud and violation of the Illinois Consumer Fraud and Deceptive Business Practices Act.
Junge alleges in his complaint that the Farmers Group, through the other defendants, carried out a bait and switch fraud scheme by persuading him to buy a Farmers Insurance agency in March 2017, which he claims was not a viable business, at inflated prices. Specifically, Junge alleges the defendants controlled the market for buying their agencies and restricted choices for prospective buyers and falsely told him he could expect to net $100,000 in the first year and up to $140,000 by his third year. He claims the defendants made price recommendations for agency buyers based on inflated val ....

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Farmers Completes Acquisition of MetLife Auto & Home Business for $3.9 Billion

Farmers Completes Acquisition of MetLife Auto & Home Business for $3.9 Billion
April 8, 2021
Zurich Insurance and Farmers Exchanges have closed on buying MetLife’s U.S. property/casualty business for $3.94 billion.
The business acquired includes 2.4 million MetLife Auto & Home policies, $3.6 billion of net written premiums (2019) and 3,500 employees, according to Zurich.
The deal provides the Farmers brand an opportunity to gain more of a national presence and strengthen its position a major personal lines carriers in the U.S.
Jeff Dailey, chief executive officer for Farmers Group, called the deal a “milestone” in his company’s nearly 100-year history. He said Farmers-branded products will now be available nationwide, “providing consumers from coast to coast with more choices and opportunities to engage with Farmers when shopping for auto and home coverage.” ....

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