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Case ID: 3332 | Insurance | 08/19/2004
The parties have reached a nationwide $2.3+ million final settlement in an action filed against Imperial Premium Finance, Inc. and related entities on behalf of persons who financed an insurance policy with Imperial between June 7, 1996, and February 2, 2004. The action alleged that Imperial kept money returned by insurance companies that was actually intended for policyholders, in violation of state insurance law. Persons eligible to take part in the settlement should contact attorneys for the class as soon as possible.
Named plaintiff Marcia Herman financed an insurance policy through Imperial. When her insurance company returned a portion of her premium, Imperial allegedly held on to those funds for approximately nine months and then applied the amount to her last payment without including the interest that the returned portion had gained. Mrs. Herman sued alleging that the returned premium should have been returned or credited immediately. The settlement will provide a $35 voucher to all persons who should have received a return of interest but did not. Alternatively, settlement participants may contact Imperial for a calculation of actual interest based on the date that the returned was received by Imperial. If participants wish an actual calculation, the request may be placed once vouchers have been received. The court had not set a claims deadline as of April 20, 2004. 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 Every state requires insurance sellers to acquire a license prior to selling policies within its boundaries. The class has been certified in an action filed against Enterprise Rent-A-Car Company, Inc. and its parent company, ELRAC, Inc. on behalf of persons who rented a vehicle in New Jersey from the company between April 1, 1988, and March 11, 2003, and purchased supplemental liability protection, personal accident insurance, or collision damage waiver as part of the rental. Persons eligible to participate in this action do not need to take any action at the present time.
1.5 million persons of all ages died in the Armenian Genocide of 1915. The parties have reached a tentative $20 million settlement in an action filed against New York Life Insurance Company on behalf of descendants of victims massacred in the Armenian Genocide of 1915, who allege that the company failed to pay life insurance policy proceeds to them. Persons eligible to participate in the settlement should contact the class attorneys. A class action lawsuit has been filed in the District Court of Southern California against Universal Life Resources (ULR), an insurance broker that provides professional services concerning sponsorship, implementation and/or modification of employee-benefit plans, alleging conspiracy and fraudulently marketing, selling and administering insurance products through employee-benefit plans. Class members seek declaratory and injunctive relief, damages, costs and expenses of the action. A Florida appeals court has ruled that a massive rate hike for windstorm insurance on coastal homes was approved improperly four years ago. The underlying class action against the Florida Windstorm Underwriting Association has been remanded to the trial court for further proceedings. The decision opens the way for refunds or credits to the 400,000 homeowners covered by the state's windstorm insurance pool when the rate hike was imposed. Persons affected by the insurance hike should contact attorneys for the class for more information. The class has been certified in an action filed against State Farm Automobile Insurance Company on behalf of Nebraskans who were hurt in auto accidents, and who allege that the company overcharged them for managed care medical coverage under the guise of traditional indemnity medical coverage. The action alleges that State Farm overcharged consumers 15% to 20% for their coverage, in violation of Nebraska's Consumer Protection Act and the Deceptive Trade Practices Act. A class action lawsuit has been filed in the Middle District Court of Florida against Mayo Clinic Jacksonville for violations of Florida's Uniform Deceptive Trade Practices Act. Class members seek monetary damages, injunctive and equitable relief, attorney's fees and costs of the litigation. |
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