Plaintiff v Farmers Ins. Company
Class-Action Lawsuit Against Farmers Insurance Company of Arizona As Settled for $3 Million
A class-action lawsuit against Farmers Insurance Company of Arizona was settled for $3 million Wednesday in Pima County Superior Court.
In January 2004, attorneys for Tucson resident Paul Schwam filed a class-action lawsuit against Farmers Insurance claiming a business practice enacted in 2001 was a breach of Schwam's policy and policies owned by certain other customers who made claims for medical expense coverage.
According to court documents, Farmers has agreed to pay the plaintiffs a lump sum of $3 million. The plaintiffs' attorneys will receive $1.3 million of that amount in attorneys fees, plus an additional $394,000 for the cost of the litigation.
Jackson estimated 2,500 people throughout Arizona will receive a portion of the settlement within the next six months. The payments will be based on the amount that should have been applied to each person's claims and the secured interest on that amount.
For more information please contact:
Todd Jackson or Bruce MacDonald
1670 E River Rd
Tucson, AZ 85718
(520) 624-0126
