Insurance Giant Handing Over $2,400,000 To Customers After Allegedly Botching Home Price Assessments
A US insurance giant is preparing to hand millions of dollars to homeowners to settle claims that it overcharged premiums for years.
Allstate Insurance Company has agreed to settle a class action lawsuit alleging the company inflated replacement cost estimates by mistakenly including built-in garage space twice in calculations.
This led to higher premiums for affected California homeowners. Allstate says it denies wrongdoing but settled to avoid further litigation costs.
Eligible class members are California homeowners with Allstate policies impacted by Project UIN 203019, which corrected the square footage errors.
Payments range from $20 to $4,248.70 based on garage bays, policy years, location, and premiums paid.
No claim form is required and checks will be mailed automatically.
The total settlement fund is $4 million, which will include $1.33 million in attorney fees, $170,000 in expenses, a $20,000 award to the plaintiff and administration costs.
Homeowners must update addresses with the administrator if changed.
The deadline to opt out or object is November 10, 2025 and the final approval hearing is December 2, 2025.
Payouts typically follow about 30 days after approval and any appeals.
Follow us on X , Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Blockchain’s Defense Dilemma: Tackling Present-Day Attacks and the Emerging Quantum Challenge
- Port3 Network suffered a $14.45M loss after a hacker exploited a BridgeIn protocol flaw to mint and dump 162.75M PORT3 tokens, triggering an 82% price crash. - The attacker burned 837.25M tokens post-sale, while Port3 halted liquidity and deposits to contain the damage, though the token remains at $0.0086. - QANplatform's quantum-resistant QAN XLINK protocol passed a Hacken audit, addressing long-term risks as 65% of Ethereum addresses face quantum vulnerability. - The incident highlights DeFi's dual thr

Market Consolidation Near Breakout Zone: 5 Altcoins Traders Are Watching for the Next Major Move

Massive Setup Ahead: 5 High-Risk Altcoins Posting +40% Monthly Gains and Poised for a 2x–3x Move

Bitcoin ETF Volume Hits a New 11.5B Peak as IBIT Drives 8B Flow Today

