April 22, 2025
Two Hartford units and their policyholders reached a settlement in a proposed class action claiming the insurers underpaid property losses by improperly withholding labor costs as depreciation when calculating the actual cash value of claims, the parties told a Connecticut federal court.
February 09, 2023
Trumbull Insurance Co. has underpaid residential and commercial property insurance claims by potentially millions of dollars after improperly calculating their value and withholding payments for labor, according to a proposed class action filed in Connecticut federal court.