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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 24, 2002
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Commission File Number 33-94670-01
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FARMERS GROUP, INC.
(Exact name of registrant as specified in its charter)
NEVADA
(State or other jurisdiction of
incorporation or organization)
95-0725935
(IRS Employer Identification No.)
4680 WILSHIRE BOULEVARD, LOS ANGELES, CALIFORNIA 90010
(Address of principal executive offices)(Zip Code)
(323) 932-3200
(Registrants telephone number, including area code)
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Item 5. Other Events.
On September 24, 2002, Farmers Insurance Exchange and Fire
Insurance Exchange, each of which are insurance carriers owned by their
respective policyholders (collectively, the "Exchanges"), announced that they
will not be renewing their current homeowners insurance policies in Texas
beginning in November 2002. This action was taken in connection with the
issuance by the Texas Commissioner of Insurance of an emergency cease and
desist order against the Exchanges alleging unfair rate-setting practices by
the Exchanges and will impact approximately 700,000 households in Texas. The
Exchanges' decision to stop providing homeowners insurance in Texas will
negatively impact the revenues received by Farmers Group, Inc. and its
subsidiaries from the Exchanges. As of the date of this Report,
Farmers Group, Inc. is unable to determine the impact, if any, this decision
will have on other insurance services provided by Farmers in Texas (e.g.,
automobile, umbrella, flood, life, commercial).
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FARMERS GROUP, INC.
AND SUBSIDIARIES
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Los Angeles, State
of California.
Farmers Group, Inc.
(Registrant)
October 4, 2002 /s/ Pierre Wauthier
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Date Pierre Wauthier
Senior Vice President,
Chief Financial Officer
and Director