Farmers Ins. Group to fight $183M Prop. 103 refund order. (Farmers Insurance Group)

National Underwriter Property & Casualty-Risk & Benefits Management, January, 1995 by Haggerty, Alfred G.

Farmers Ins. Group said it will fight California Insurance Commissioner John Garamendi's order to pay $183 million in Proposition 103 refunds, claiming any rollback would be unconstitutional. Commissioner Garamendi, who leaves office Jan. 4, said Farmers "has made it clear that they are unwilling to voluntarily make good on their Prop.

103 obligations. The California Supreme Court has made it clear that Prop. 103 is the law of the land--and it's time for Farmers to obey it." Farmers joins 28 other companies recently ordered to pay $1.2 billion in refunds. (20th Century and a number of other insurers have appealed to the U.S. Supreme Court to challenge the way Commissioner Garamendi has implemented Prop. 103. See story on this page.) Jeffrey C. Beyer, vice...

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