Allstate Litigation — Ronald Carter v. Allstate Insurance Company
Court: Circuit Court of Cook County, Illinois
Case No.: 02-CH-16092
Leadership Position: Co-Lead Class Counsel
Wexler Wallace prosecuted this class action against insurance provider Allstate, alleging that the company refused to pay its policyholders “actual cash value” as agreed to in the policies for claims arising from fire damage to the insureds’ premises. Instead, Allstate improperly settled policyholders’ claims based on a market value appraisal. This appraisal method utilized by Allstate resulted 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 final approval of that settlement in September 2012.