Remember these prior blogs on overhead and profit claim litigation cases we’d been following in the news?
Well, here is the latest I’ve received a notice on here with Lousiana Citizens…apparently there are two different class action cases going on in two different jurisdictions. The part I found particularly strange was the comments in the article alleging that at one time LA Citizens paid the o/p, stopped at a later point, then resumed paying overhead and profit at a later date:
http://blog.nola.com/tpmoney/2009/04/a_state_appeals_court_has.html
We’d appreciate any updates on these cases if you know what the status of these cases is as we could find nothing much by way of updates on their status on the web and we don’t have access to court documents like some sites do so any help discussing these overhead and profit cases would be appreciated. Here is a 5/13/09 published article on new develops on the Chivers vs State Farm case updating info on Chubb insurance and Nationwide Insurance who apparently settled out of court for a substantial same rather than produce massive discovery documents:
Here’s a link to a second article which goes into more detail about the Nationwide overhead and profit case:
Replies welcome to links to news articles or court updates,etc so we can all learn how these cases have come out in case law if resolved at this point. I’m not hearing any changes about carriers handling these issues differently from adjusters I’ve discussed the topic with at this point.
