Some could qualify for insurance settlement
RALEIGH ó Insurance Commissioner Wayne Goodwin wants North Carolinians to be aware of a class-action settlement with Nationwide Insurance companies that some 304,995 consumers across the state may qualify for.
Eligible consumers must submit their claim form by Aug. 26 to receive a portion of the settlement. Potentially eligible consumers should have received notice of the class-action lawsuit by mail.
The settlement is between Nationwide Mutual Insurance Company and affiliated companies and homeowner policyholders who say they were not paid enough for claims submitted from 1996 to March 20, 2009.
The lawsuit alleges Nationwide underpaid policyholders by not including general contractors’ overhead and profit when paying certain claims involving damage to a building or other structures.
Nationwide maintains that it properly resolved and settled homeowner’s claims but agreed to settle the suit to avoid the cost and distractions of prolonged litigation.
The Nationwide companies involved are: Nationwide Mutual Insurance Co., Nationwide Mutual Fire Insurance Co., AMCO Insurance Co., Allied Property and Casualty Insurance Co., Depositors Insurance Co., National Casualty Co., Nationwide Insurance Co. of America, Nationwide Affinity Insurance Co. of America, Nationwide Property and Casualty Insurance Co., Nationwide Lloyds, Nationwide Insurance Co. of Florida, Nationwide Indemnity Co., Scottsdale Indemnity Co., Scottsdale Surplus Lines Insurance Co., and Scottsdale Insurance Co.
Consumers who believe they qualify can visit www.alexanderclassactionsettlement.com or call the Free Settlement Information hotline at 888-287-1333.
All settlement claims forms must be submitted no later than Aug. 26.