Insurers Try To Gut Class In Bad Concrete Suit For 35K Homes

Law360, New York (June 2, 2017, 8:13 PM EDT) -- Nearly 30 major insurers, including State Farm, AIG and Allstate, on Friday moved to gut a proposed class action accusing them of bad faith denial of claims stemming from a defective concrete outbreak in Connecticut, asking a federal court to toss the suit’s most imposing claims.

The suit alleges that the state’s largest home insurance carriers conspired to prevent potentially billions of dollars' worth of coverage for homes whose foundations are crumbling due to defective concrete — a problem that can cost up to $250,000 per home to fix and is estimated to affect roughly 35,000 homes across the eastern part...

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