Litigation

ALLSTATE AND STATE FARM SUED FOR CONSPIRACY

By Mark P. Loftus, Esq.

The Louisiana Attorney General, Charles Foti, recently filed suit against Allstate and State Farm, accusing the two companies of conspiring to limit payments to policyholders after Louisiana was pounded by hurricanes Katrina and Rita. The lawsuit alleges that the two companies worked together to manipulate damages estimates and to low ball claimants who suffered damages. Specifically the lawsuit alleges that the companies edited engineering reports and delayed payments, forcing policyholders to go to court to challenge estimates. In the event Mr. Foti needs any help with these varmints, he should get in touch with Mississippi Senator Trent Lott. Senator Lott recently pledged a solemn vow to go medieval on those nasty insurance companies for the way they have mistreated policyholders.

Full post as published by Illinois Lawyer Blog on November 27, 2007 (boomark / email).