Cincinnati Insurance Settlement
Did you make a claim to Cincinnati Insurance for damage to a dwelling or structure in Arizona, California, Illinois, Kentucky, Missouri, Ohio, Tennessee, Texas, Vermont, Virginia, Washington, or Wisconsin? If so, you may be covered by this settlement.
Stay Informed and Get Involved! Browse our list of Class Action Lawsuits and Open Class Action Settlements you may be able to join!
Claim Form
Click Here to Submit a ClaimWho's eligible?
This settlement includes individuals who experienced a covered structural loss to a property located in one of the following states: Arizona, California, Illinois, Kentucky, Missouri, Ohio, Tennessee, Texas, Vermont, Virginia, Washington, or Wisconsin.
The loss must have resulted in an actual cash value payment and occurred within the specified class period for your state and policyholder status:
- Arizona, California, Illinois, Kentucky, Ohio, Tennessee, Texas, Vermont, Virginia, or Washington:
- Policyholders: April 8, 2020, to May 31, 2022
- Policyholders: April 8, 2020, to May 31, 2022
- Wisconsin:
- All defendants: April 8, 2021, to May 31, 2022
- All defendants: April 8, 2021, to May 31, 2022
- Missouri:
- Non-policyholders: April 8, 2012, to May 31, 2022
- CGU policyholders: April 8, 2020, to May 31, 2022
Proof of Purchase
Yes. You will need to provide your policy number, claim number, date of loss, and the insured premises address.
Settlement At a Glance
Settlement Amount
Varies
Claim Form Deadline
07/12/2024
Exclusion Deadline (Opt-Out)
04/13/2024
Final Approval Hearing
05/13/2024
Additional Information
Cincinnati Insurance has reached a settlement in a class action lawsuit alleging that the company improperly deducted depreciation from actual cash value payments for residential and commercial property insurance claims.
The lawsuit, filed by Belle Meade Owners Association, Inc., a Tennessee corporation, claimed that Cincinnati Insurance unfairly deducted depreciation on labor costs and general contractor overhead and profit when calculating insurance payouts in several states.
The settlement benefits policyholders who experienced covered structural losses in Arizona, California, Illinois, Kentucky, Missouri, Ohio, Tennessee, Texas, Vermont, Virginia, Washington, or Wisconsin between April 8, 2012, and May 31, 2022. The exact class period varies depending on the state and whether the claimants are policyholders or non-policyholders.
Under the terms of the settlement, eligible class members may receive up to 100% of the non-material depreciation withheld from their original actual cash value payments, along with 5% simple interest on this reimbursement. While Cincinnati Insurance denies any wrongdoing, they have agreed to the settlement to resolve the class action lawsuit.
Think you might have a case? If you believe you've been affected by a similar situation, browse our list of Class Action Lawsuits and Open Class Action Settlements you may be able to join!
Stay Informed
Class Action Settlement Website:
https://www.bellemeadelabordepreciationsettlement.com/Claims Administrator:
P.O. Box 91490
Seattle, WA 98111
1-888-995-0297
Legal Representation
Case Name:
Class Counsel:
Mathew G Drocton
BAKER HOSTETLER LLP
George T Lewis
Ryan A Strain
BAKER DONELSON
Defense Counsel:
ERIK PETERSON LAW OFFICES PSC
Joseph Snodgrass
SNODGRASS LAW LLC
Brandon McWherter
MCWHERTER SCOTT BOBBITT PLC
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