NU Online News Service, July 28, 3:18 p.m. EDT

As part of an agreement with California regulators, an automobile insurance subsidiary of the Los Angeles-based Farmers Insurance Group said about one-third of its customers are eligible for an average $50 policy premium rebate per vehicle and an average 14.5 percent rate reduction.

Mark Toohey, spokesman for the largest insurer of automobiles in California, said Farmers insures more than two million vehicles–about 640,000 in Farmers Insurance Exchange.

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