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Case ID: 3275 | Insurance | 03/26/2004
The parties have reached a tentative $375 million settlement in several class actions filed against Travelers Property Casualty Corporation on behalf of persons exposed to asbestos and their families, who allege that the insurer engaged in unfair trade practices by inappropriately handling and settling asbestos claims. Persons who think they maybe eligible to participate in the settlement should contact attorneys for the class as soon as possible.
The settlement will make available a fund of up to $375 million to claimants. Travelers will fund this settlement from its unallocated asbestos reserves, which were $1.2 billion at December 31, 2003. The settlement is conditioned upon a number of contingencies, including execution of a definitive settlement agreement relating to similar lawsuits filed in Hawaii. It is also conditioned on entry of final orders by the court approving these settlements and barring all future asbestos-related statutory direct actions against Travelers in West Virginia, Massachusetts, Hawaii and other states. The settlement will not be effective until the court grants it final approval. The court has apparently not yet scheduled a hearing on the matter.
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 A class action has been filed against Blue Cross of California on behalf of policyholders who allege that the insurer wrongfully changed their healthcare policies' premium basis from their age at initial enrollment to their attained ages at renewal time, in violation of the terms of the policies. Many single parents who work for a living struggle to make ends meet, due to circumstances completely beyond their control. A class action has been filed against Ron Ross, director of the Nebraska Department of Health and Human Services, on behalf of Nebraskans who are single parents and who were removed from Medicaid in 2002 during a special budget-cutting session of the Nebraska legislature, alleging that they were denied the Transitional Medical Assistance (TMA) allowed by federal law. A recent appeals court ruling has reinstated the parents' Medicaid payments until the resolution of the TMA issue. 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.
The parties have reached a proposed $7.87 million settlement of a class action against Republic Mortgage Insurance Company on behalf of mortgage borrowers whose mortgage was insured by Republic under a certificate that became effective between December 18, 1996, and March 31, 2003. The action claims that the insurance was provided on terms that were very favorable to the mortgage lenders. To recover under the settlement, class members must submit a claim form postmarked no later than September 8, 2003. WellPoint Inc., the nation's biggest publicly traded health insurer, said July 11, 2005 it will pay up to $198 million to settle two class-action lawsuits brought by representatives of more than 700,000 doctors over alleged unfair payment practices. A class action lawsuit has been filed in the Southern District of New York against Lenox Hill Hospital. The case involves violations of the Employee Retirement Income Security Act (ERISA). No additional information about the substance of the allegations is available at this time. Classactionamerica.com will monitor this case and provide additional details as soon as they become available. |
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