Lawsuit against State Farm Insurance continues: case alleges high homeowners rates

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Dallas Morning News

Posted on February 15, 2011 at 11:33 AM

The court battle resumed in Austin this week over claims that State Farm Insurance charges excessive homeowners insurance rates.

The Dallas Morning News reported the Texas Department of Insurance will try to convince a judge that the state's largest insurer owes its policyholders at least $310 million, plus interest for overcharges.

The public insurance counsel said the number is closer to one billion dollars. State Farm contends it owes nothing. The case has been pending for nearly eight years.

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