Nationwide Mutual Insurance settlement may affect 305,000 North Carolinians

Nearly 305,000 Nationwide Mutual Insurance Co. policyholders in North Carolina may qualify for a class-action settlement involving claim payments dating back to 1996.

The class-action lawsuit alleges that from 1996 to March 20, 2009, Nationwide and its affiliated companies underpaid policyholders by not including general contractors’ overhead and profit when paying certain claims for repairing damage to buildings and other structures.

Eligible policyholders must submit their settlement claim form by Aug. 26 to receive a portion of the settlement, the value of which was not revealed. Potentially eligible consumers should have received a notice in the mail, but consumers can get more information online at http://www.alexanderclassactionsettlement.com.

The Nationwide companies involved are: Nationwide Mutual Insurance Co., Nationwide Mutual Fire Insurance Co., AMCO Insurance Co., Allied Property and Casualty Insurance Co., Depositors Insurance Co., National Casualty Co., Nationwide Insurance Co. of America, Nationwide Affinity Insurance Co. of America, Nationwide Property and Casualty Insurance Co., Nationwide Lloyds, Nationwide Insurance Co. of Florida, Nationwide Indemnity Co., Scottsdale Indemnity Co., Scottsdale Surplus Lines Insurance Co. and Scottsdale Insurance Co..

.
.
----------------------------------------------------
The Source
The Business Journal
.
.