Texas Sues Farmer’s Business Insurance Provider
Farmers who filed claims from the Farmer’s Group Inc., an insurance firm which offers business insurance for farmers is getting help from the sate of Texas which is suing them for misleading their clients citing discrimination, misleading statements and discriminatory practices. Farmers have lost homes, farms and all their earthly possessions due to such practices and they are expected to get some of them back with the help of the state which is acting on their behalf after much outcry for help. This is even after the company had to hike premiums and reduced coverage for their policies due to losses in the sub-prime lending market which has burst into a full blown economic meltdown causing much financial losses for all concerned. Rising costs in fuel and other farm related supplies have also taxed farmers heavily leaving them heavily in debt without the help of their insurance when filing for claims.