Friday, April 14, 2023

Farmers Raised Prices, Forcing Out Older Agents, Jury Told

Farmers Raised Prices, Forcing Out Older Agents, Jury Told

By Dorothy Atkins

An insurance industry expert hired by former agents accusing Farmers Group Inc. and its exchanges of discrimination and wrongful termination testified in a high-stakes California jury trial Thursday that Farmers Group raked in billions of dollars annually raising premiums while making it more difficult for established agents to draw in new customers.

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