Allstate Litigation -- Ronald Carter v. Allstate Insurance Company
Court: Circuit Court of Cook County, Illinois
Case No.: 02-CH-16092
Wexler Wallace prosecuted this class action against Allstate, alleging that the company has refused to pay its policyholders either their replacement costs or the limits of liability under the Residential Fire Insurance Policy after fire damaged the insureds’ premises. Instead, Allstate improperly settled policyholders’ claims based on a market value appraisal that Allstate secured. This appraisal method utilized by Allstate results in a reduced recovery by insureds, in violation of the terms of their insurance policies.
After years of hard fought litigation, including two interlocutory appeals, the parties agreed to a settlement which provided substantial cash recovery on a class-wide basis. The Circuit Court of Cook County, Illinois, granted preliminary approval of that settlement and appointed Wexler Wallace as co-lead counsel for the class.