AUSTIN — Seven and a half years after State Farm Insurance was first cited by Texas officials for excessive homeowners rates, the legal battle resumes this week — with hundreds of millions of dollars and perhaps the future of the state’s regulatory system in the balance. 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 state’s public insurance counsel maintains that the figure is closer to $1 billion.
Stutz: http://dallasne.ws/gk9C2C
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