State Farm to Pay $352.5M to Settle Texas Residential Overcharge Case
(All images, information, and text courtesy of ClaimsJournal.com. Written by Stephanie K. Jones. Copyright 2015 Associated Press. All Rights Reserved) A settlement has been reached in a long-running dispute between the nation’s largest homeowners’ insurer and the state of Texas over premium overcharges. The Texas Office of Public Insurance Counsel (OPIC) announced Feb. 27 that a settlement had been reached requiring State Farm subsidiary, State Farm Lloyds, to refund $352.5 m