Alameda County DA sues Farmers Insurance over ‘widespread scheme’ to underinsure homes
Alameda County District Attorney Pamela Price is suing Farmers Insurance over an alleged “widespread scheme” to underinsure homes across California.
Price has accused Farmers and multiple affiliated companies of lowballing homeowners on the cost estimates to rebuild their properties — meaning policyholders lack enough coverage to replace their homes in the event of a wildfire or other disaster.
The carriers make up 15% of the state home insurance market, according to the DA’s office.
Заголовки