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N Dakota fines Farmers Insurance $750K

Discussion in 'Car Insurance Reviews' started by ChevyFan, Nov 27, 2007.

  1. ChevyFan

    ChevyFan November Beard Grower - Cancer Fighter Staff Member 5+ Years 5000 Posts

    WOW, that's a big fine.

    North Dakota's Insurance Commissionier smacked Farmers Insurance with a $750,000 fine because of their horribly unethical business practices! They only do $19 million in auto insurance in the state, so that like getting a fine of nearly 4% of their total business in a year. That's a lot.

    Read the whole story here. Notice any similarities with how they treated me? http://www.nd.gov/ndins/communications/press-release.asp?PRID=117

     
    Last edited: Nov 28, 2007
  2. shivam

    shivam New Member

    hey its a good approach............
    North Dakota's Insurance Commissionier doing a great job....
    hats off.......
     

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