Allstate Settles Policyholders’ Claim Estimation Suit

By Liz McKenzie

Law360, New York (March 08, 2010, 3:24 PM ET) -- Allstate New Jersey Insurance Co. and policyholders have agreed to settle a lawsuit accusing the insurer of using an improper claims estimation process that caused it to factor the prices of Home Depot Inc. materials not used in the repair into the construction claims total.

Judge Renee Marie Bumb said the parties notified the court that they had reached a settlement and dismissed the case in an order filed Friday in the U.S. District Court for the District of New Jersey.

Plaintiffs counsel Michael DeBenedictis of...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles