Allstate Lowballed Wildfire Damage Claims: Suit

Law360, New York (November 17, 2011, 3:49 PM EST) -- A California couple launched a putative class action in state court Monday accusing Allstate Insurance Co. of intentionally lowballing and unreasonably delaying payment of smoke damage claims arising from a massive 2009 wildfire near Los Angeles.

Since the governmentally declared disaster struck, Allstate has failed to “fairly, objectively and thoroughly” investigate the claimed losses, conspired with "hired gun" Protech Construction and Restoration to advance “unrealistic and unreasonable” estimates of the damages in order to fulfill its goal of paying as little as possible, and attempted to...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.