Nationwide to Pay West Virginia $5.75M in Farm Bureau Discount Suit

West Virginia Attorney General Patrick Morrisey has reached a $5.75 million settlement with Nationwide Insurance regarding a discount on certain insurance products for the state’s Farm Bureau members.

Former Attorney General Darrell McGraw filed the lawsuit in McDowell County in January 2013.

Nationwide will pay to settle allegations that it violated state laws regarding its Farm Bureau discount. Some allegations said the discount was discriminatory, was not provided in full to eligible people, was not reflective of its rate filing and wasn’t upfront with its marketing, among other claims.

About $3.6 million will go to Morrisey’s office. The remainder will go toward attorneys’ fees and restitution to policyholders.

Nationwide denied the violations. The settlement doesn’t include admission of fault.