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State Auto Nonmaterial Depreciation IL, KY, MS, OH, TN Settlement

Settlement Structure: Claims Made

Active: Open

Case Summary:

This settlement resolves a class action about underpaid claims against State Auto Property and Casualty Company, State Automobile Mutual Insurance Company, State Auto Insurance Company of Ohio, Milbank Insurance Company, and Meridian Security Insurance Company. The complaint alleged that the companies improperly deducted nonmaterial depreciation from structural loss claims for properties in Illinois, Kentucky, Mississippi, Ohio, and Tennessee.

Docket Number:

3:20-cv-00107-NBB-RP

Company: State Auto Property and Casualty Company

Filing Deadline: December 8, 2022

Class Period: April 2, 2017 to February 16, 2021

Objection Deadline: September 26, 2022

Exclusion Deadline: September 26, 2022

Final Approval Hearing: October 24, 2022

Proof of Purchase:

You do not have to provide proof to make a claim.

Eligibility:

You may be eligible if your Illinois, Kentucky, Mississippi, Ohio, or Tennessee home was insured by State Auto Property and Casualty Company, State Automobile Mutual Insurance Company, State Auto Insurance Company of Ohio, Milbank Insurance Company, or Meridian Security Insurance Company and you are a member of one of the following classes:

- The Mississippi Settlement Class is all policyholders insured under any property insurance policy by any of the companies above who made (1) a structural loss claims for property located in Mississippi between April 2, 2017 and February 16, 2021 (2) that resulted in an actual cash value (ACV) payment from which nonmaterial depreciation was withheld, or that would have resulted in an ACV payment but for the withholding of nonmaterial depreciation causing the loss to drop below the applicable deductible.

- The Illinois, Kentucky, Ohio, and Tennessee Settlement Class is all policyholders under (1) any property insurance policy with a one-year suit limitation issued by one of the companies above who made a structural loss claim for property located in Illinois, Kentucky, Ohio, or Tennessee between April 2, 2019 through February 16, 2021 that resulted in an ACV payment from which nonmaterial deduction was withheld, or that would have resulted in an ACV payment but for the withholding of nonmaterial depreciation causing the loss to drop below the applicable deductible, or (2) any property insurance policy with a two-year suit limitation issued by any of the companies above who made a structural loss claim for property located in Illinois, Kentucky, Ohio, or Tennessee between April 2, 2018 through February 16, 2021 that resulted in an ACV payment from which nonmaterial deduction was withheld, or that would have resulted in an ACV payment but for the withholding of nonmaterial depreciation causing the loss to drop below the applicable deductible.

Typical Settlement Amount:

Benefits:
- For those in the Kentucky, Mississippi, Ohio, or Tennessee Settlement Classes, subject to the details of their policies, 105% of the net estimated nonmaterial depreciation that was withheld from payouts and not paid thereafter.
- For those in the Kentucky, Mississippi, Ohio, or Tennessee Settlement Classes for whom all nonmaterial depreciation that was withheld was subsequently paid, flat payments of from $25 to $500, depending on the amount of the nonmaterial depreciation.
- For members of the Illinois Settlement Class, 80% of the amounts above.
See the Notice or Settlement Agreement for details.

Total Settlement Amount: Unknown

Class Representative Proposed Incentive Fee:

Up to $7,500

Law Firms:
Erik Peterson Law Offices, PSC
Gilbert McWherter Scott Bobbitt PLC
Snodgrass Law, LLC

Claim Form: Cedarview Depreciation Settlement Claim Form

Case Name: Cedarview Mart, LLC v. State Auto Property & Casualty. Company

Settlement Website: Cedarview Depreciation Settlement Website

Claims Administrator:
Epiq Class Action & Claims Solutions, Inc.

Claims Administrator Contact Information:

Cedarview v. State Auto
Settlement Administrator
P.O. Box 6490
Portland, OR 97228-6490

Tags: Depreciation of Labor Costs, Incomplete payment of benefits due, Insurance, Property Insurance