December 10, 2010
After years of contentious litigation, on December 6, 2010 NPR and its co-counsel received preliminary approval of a national class action settlement with Allstate and many its subsidiaries that write homeowner insurance. In 2004, NPR brought suit alleging, on behalf of a proposed national class, that Allstate and its subsidiaries failed to properly pay general contractor’s overhead and profit on structural loss claims where three or more construction trades were involved in the estimated repair. NPR is proud of the terms of the settlement proposed to the court – approved claimants will receive either 75% or 50% of the actual damages sustained, depending on the type of estimating software used during the adjustment of the claim. Although final calculations have not been made, based on the estimated size of the class, NPR expects the total amount to be made available to the class to exceed $1 billion. NPR anticipates bringing the matter for final approval in early 2011.
NP partner Michael Angelovich and associate Chad Ihrig are leading this litigation for NPR.