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Case ID: 3142 | Insurance | 10/13/2005
The parties have agreed on a $17 M settlement in a class action that had been filed against French insurance companies AXA and UAP (formerly known as L'Union Des Assurance De Paris) on behalf of descendants of victims massacred in the Armenian Genocide of 1915, who alleged that the company failed to pay life insurance policy proceeds to them.
From 1880 to 1915, many Armenians who lived in the Ottoman Empire (in much of what is now the country of Turkey) allegedly purchased life insurance policies from AXA and UAP. On April 24, 1915, the government of Turkey launched a systematic campaign to destroy ethnic Armenians through a process of massacre and deportation, which is now recognized as the Armenian Genocide. Between 1915 and 1922, between one-and-a-half and two million Armenians perished as a result. Among the victims were the owners of life insurance policies issued by AXA and UAP. The action alleged that the companies never paid any life insurance benefits to any victims of the Armenian Genocide. Despite repeated claims, the insurers refused to pay the proceeds that are due under the policies. The plaintiffs in this action are asking the U.S. federal court for an order requiring Victoria Insurance to identify the insurance benefits that belong to the Armenians, to identify the rightful heirs, and to pay the benefits to them. The other companies named in the suit are French companies AXA Financial, Inc., AXA RE Life Insurance Company, and AXA Reinsurance Company. At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Insurance Cases of Interest The parties have reached a final settlement apparently valued at $3 million in an action filed against Safeco Insurance Company of America and related companies on behalf of Montana customers who filed uninsured, underinsured and medical claims against the company from 1996 to the present. The action alleged that state insurance provisions prohibiting "stacking'' of multiple insurance policies were unenforceable. Persons eligible to participate in the settlement should contact attorneys for the class for more information as soon as possible. A federal court in Louisiana has certified the class in a class action filed against Imperial Adjustment Company and Equifax Credit Information Services alleging that Equifax gave Imperial unrestricted access to the personal credit reports of approximately 150 class members. Ten Illinois residents filed a class action lawsuit against Allstate Insurance Company alleging the insurance company charges different premiums to customers with the same risks. The plaintiffs allege Allstate violated the Illinois Consumer Fraud and Deceptive Business Practices Act and was unjustly enriched. According to the complaint filed May 25 in St. Clair County Circuit Court, Illinois law mandates that insurers treat like risks alike and different risks differently.
A class action has been filed against the Hartford Financial Services Group (NYSE: HIG) and certain of its officers and directors by stockholders who purchased the company’s common stock between November 5, 2003 and October 13, 2004. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company’s securities. The stockholders seek to recover compensatory damages for the loss of value of their stock. Lawyers File Lawsuit on Behalf of Greater New Orleans Residents Denied or Refused Insurance Coverage A class action lawsuit was filed on May 24, 2006, on behalf of Greater New Orleans Metropolitan Area homeowners insurance policyholders who have been denied or refused insurance coverage for losses caused by Hurricane Katrina. The lawsuit, brought against fifteen insurance companies that sold All-Risk homeowners insurance policies to Louisiana residents, was filed as part of the consolidated action Berthelot et al., v. BOH Brothers Construction Co. L.L.C., et al, pending before the Honorable Stanwood R. Duval, Jr.
A class action, which apparently covers all U.S. residents, has been filed against insurance giant Farmers Insurance Company, Inc. and its parent, Farmers Group, Inc., on behalf of consumers who, since November 5, 1998, purchased either an automotive or a homeowner's insurance policy with Farmers and later was given a rate increase due to Farmers' alleged utilization of credit reports without the consumer's consent or knowledge. The action is brought under the federal Fair Credit Reporting Act and the Arkansas unfair trade practices law and seeks actual damages, statutory and punitive damages and declaratory relief.
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