Farmers Fire Insurance Class Action Settlement

Class Eligibility

You are a Class Member of the Fire Insurance Exchange settlement if:

  • You are or were insured on a Fire Insurance Exchange policy;
  • You suffered a loss of or damage to contents and/or structure that was covered under a policy;
  • You submitted an insurance claim to Fire Insurance Exchange for the loss or damage;
  • You received one actual cash value property loss payment on the insurance claim on or after May 6, 2010, and Fire Insurance Exchange applied depreciation in determining the actual cash value of the lost or damaged property in connection with that insurance claim;
  • Your insurance claim had all “Claims Units” closed as of March 31, 2015; and
    Your insurance claim includes at least one “Eligible Claims Unit.”

Under the terms of the class action settlement, “Claims Unit” means either contents or structure claims unit as reflected in Fire Insurance Exchange’s claims file for an insurance claim.

“Eligible Claims Unit” means any Claims Unit except and excluding: (a) a Claims Unit for which payments made by Fire Insurance Exchange were equal to or exceeded all applicable limits or sub-limits in the applicable policy; (b) a Claims Unit with no “Net Outstanding Depreciation,” (c) a structure Claims Unit with a total loss paid on a fair market value basis; or (d) a contents Claims Unit in which an insured making an Insurance Claim submitted information on the Website, on or after Nov. 1, 2012, about lost or damaged contents items.

“Net Outstanding Depreciation” means the amount of total replacement cost estimated by Fire Insurance Exchange minus the total of (a) applied deductible, (b) paid actual cash value and (c) paid recoverable depreciation.

Estimated Amount

12.5 percent of the Net Outstanding Depreciation on their insurance claim.

Proof of Purchase


Case Name

Alexander v. Fire Insurance Exchange

Case No. BC460992
Superior Court of the State of California for the County of Los Angeles

Case Summary

This settlement challenges the method that Fire Insurance Exchange uses to determine the actual cash value of lost or damaged property. Fire Insurance Exchange was required to take depreciation on lost or damaged property based exclusively on the physical condition of the property before it was lost or damaged, instead of following this formula Fire Insurance Exchange took excess depreciation under depreciation schedules based on the age of the lost or damaged property.

Settlement Pool





FIRE Settlement Claims

P.O. Box 2280

Faribault, MN 55021-2415


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