What Is This Lawsuit About?

The lawsuit claims that Cincinnati Insurance improperly deducted depreciation on costs of labor and general contractor overhead and profit when calculating actual cash value payments for residential and commercial structural loss insurance claims in Arizona, California, Illinois, Kentucky, Missouri, Ohio, Tennessee, Texas, Vermont, Virginia, Washington, or Wisconsin.  Cincinnati Insurance has denied all allegations that it acted wrongfully or unlawfully.

Who Is In The Settlement Class?

The Settlement Class includes: (a) all policyholders under any residential or commercial property insurance policy issued by Defendants, except for those excluded; (b) who had a Structural Loss that was a Covered Loss for property in Arizona, California, Illinois, Kentucky, Missouri, Ohio, Tennessee, Texas, Vermont, Virginia, Washington, or Wisconsin during the applicable Class Periods (See FAQ 6); and (c) that resulted in an actual cash value payment from which Nonmaterial Depreciation was withheld, or that would have resulted in an actual cash value payment but for the withholding of Nonmaterial Depreciation causing the loss to drop below the applicable deductible. 

How Can I be Eligible to Receive a Settlement Payment?

You must submit a Claim Form in order to determine whether you are eligible for a settlement payment and, if so, the amount of your settlement payment.  If you had more than one Covered Loss during the Class Periods, you will need to submit a separate Claim Form for each loss.  If you do not TIMELY submit your Claim Form, you will not receive a settlement payment.  For additional details on the payment terms, please see the Settlement Agreement, which is available on the Important Documents page of this website.