Class Cert. Denied In Chubb Premium Hike Spat

Law360, New York (January 8, 2010, 1:55 PM EST) -- A federal judge has tossed the majority of claims and denied class certification in two coordinated putative class actions alleging that The Chubb Corp. improperly raised homeowners' insurance premiums in violation of its insurance contracts.

Judge Harold Baer of the U.S. District Court for the Southern District of New York issued the ruling Thursday, leaving only one individual breach of contract claim in each case.

The insurance policies at issue in the case were extended replacement cost policies, where the insurer pays the cost of reconstruction...
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