DOI News

For Immediate Release: Contact:
July 24, 2009 Kristin Milam
Johanna Royo
919-807-6011
 
North Carolinians May Qualify for Nationwide Class-Action Settlement
N.C. has nearly 305,000 potential claimants; Aug. 26th claims deadline approaching
 
RALEIGH -- Insurance Commissioner Wayne Goodwin wants North Carolinians to be aware of a class-action settlement 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.
 
"We have heard that this class-action settlement may affect some 304,995 North Carolinians," said Commissioner Goodwin. "I encourage consumers who think they were affected to visit the settlement's Web site and submit a claim. You can only receive the settlement money you're owed if you submit the claim by the August 26 deadline."
 
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 Company, Nationwide Mutual Fire Insurance Company, AMCO Insurance Company, Allied Property and Casualty Insurance Company, Depositors Insurance Company, National Casualty Company, Nationwide Insurance Company of America, Nationwide Affinity Insurance Company of America, Nationwide Property and Casualty Insurance Company, Nationwide Lloyds, Nationwide Insurance Company of Florida, Nationwide Indemnity Company, Scottsdale Indemnity Company, Scottsdale Surplus Lines Insurance Company, and Scottsdale Insurance Company.
 
For more information about the class action settlement, including claims forms and notification documents, consumers who believe they qualify can visit the class action Web site by clicking on this link, or call the Free Settlement Information hotline at 888-287-1333. All settlement claims forms must be submitted no later than Aug. 26, 2009.
 
-- NCDOI --