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December 08, 2004

Montemayor Issues Statement on Farmers Settlement

Texas Insurance Commissioner José Montemayor released the following statement on the state's settlement agreement with Farmers Insurance Company on homeowners rate reductions:

"I have reached an agreement with Farmers Insurance that will provide substantial relief to the company's homeowners policyholders. The agreement contains three major benefits for these policyholders, worth more than $100 million."

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Posted by Tom Troceen