|
Search
Search through the thousands of lawsuits, complaints and recalls on our site.
 |
Case ID: 4826 | Insurance | 06/02/2006
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 was brought against fifteen insurance companies that sold All-Risk homeowners insurance policies to Louisiana residents. The lawsuit will impact the interpretation and scope of homeowners insurance policies in the State of Louisiana, the announcement said. The litigation will also address significant issues regarding the design, construction and maintenance of several New Orleans area levees that were breached during Hurricane Katrina and resulted in vast amounts of water entering the City of New Orleans, causing an estimated $200 billion in damages. The consolidated lawsuit seeks compensatory and punitive damages arising out of the insurance companies' alleged conduct designed to avoid payment of claims to policyholders who suffered residential and other property losses caused by Hurricane Katrina. Central to the policyholders' claims is the fact that the insurance company defendants failed to specifically exclude from coverage hurricane damage or any failure of the New Orleans levees in the policies that they sold in the New Orleans area. The Complaint alleges a broad range of conduct and wrongful acts by the insurance company that were designed solely to deny coverage of valid policyholder claims. The policyholders claim several The policyholders have brought claims against those insurance companies that sell their policies directly to their customers for their failure to advise the policyholders as to all risks to which they were exposed as well as their failure to advise as to the availability of additional flood insurance in excess of the amount provided under Federal law. In addition to the monetary damages sought on behalf of the policyholders, the Amended Complaint requests the Court for declaratory relief that will have a dramatic impact on the interpretation of homeowners insurance policies in connection with Hurricane Katrina as well as in the future. Although the class action was instituted by a group of twenty-nine named Representative Policyholders, the class of policyholders may ultimately number in the tens or hundreds of thousands as up to 160,000 homes in the parishes of Orleans, St. Bernard and Jefferson are estimated to be unusable as a result of Hurricane Katrina. 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 tentative settlement in a class action filed against United Wisconsin Life Insurance Company, American Medical Security, Inc., Prescription for Good Health Trust and AmSouth Bank on behalf of all persons in Alabama and Georgia who purchased a certificate of medical insurance from United Wisconsin. The legal notice describing the class action does not state the deadline for filing claims under the settlement. Persons eligible to take part in the settlement should contact the settlement administrator for more information. Many corporate health benefit programs have been downgraded in the midst of the healthcare crisis. A class action has been filed against Case Corporation and successor to its former parent company, El Paso Tennessee Pipeline Company, on behalf of several thousand retirees and surviving spouses of retirees who worked for Case, who allege that El Paso is refusing to pay the cost for health care premiums for the group in violation of its contract with them. The parties have reached a tentative settlement, valued at at least $1.6 million, of a class action filed against Frontier Insurance Group, Inc. (Pink Sheets: FTER, formerly OTCBB: FTER and certain of its officers and directors by stockholders who purchased the company's common stock between February 10 and November 8, 1994. The first class action against AmerUs Group Co., AmerUs Life Insurance Company, American Investor Life Insurance Company Inc., and their affiliates AmerUs Annuity Group and Family First Insurance Services was filed April 11, 2005.
The class action complaint alleges that AmerUs Group Co., a publicly traded company on the New York Stock exchange (AMH), AmerUs Life and its affiliates’ sales practices are in violation of the federal Racketeering Influence Corrupt Organizations Act or RICO; and California’s elder abuse laws. Companies that have allowed market timing trading have been in the news lately. Several class actions have been filed against global professional services firm Marsh & McLennan Companies, Inc. (NYSE: MMC) and certain of its officers and directors by stockholders who purchased the company's common stock between January 3, 2000, through November 3, 2003. The actions claim 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. On 12/13/04, CIGNA HealthCare announced that it has reached a settlement in lawsuits brought on behalf of a nationwide class of specialty health care providers and certain state and national associations. The agreement must be approved by the United States District Court in Miami. |
IT'S FREE
|
© 2000 - 2008 Copyright. All rights reserved nola3, llc.
