Class Action Information
NOTICE OF CLASS ACTION SETTLEMENT
Pursuant to the Class Action Fairness Act of 2005 (Act), class action settlement agreements impacting Illinois state residents are reported to the Illinois Department of Insurance (Department). Class members receive notice of proposed settlements from the immediate parties of the class action case and not through the Department. The Department does not provide legal advice or recommendations in these matters. The Department does not independently verify information submitted pursuant to the Act nor does the Department inform consumers of changes to settlements. Please do not contact the Department regarding class action settlements posted on this site. Contact information is provided.
Christine Bauer-Ramazani et al. v. Teachers Insurance And Annuity Association of America-College Retirement and Equities Fund (TIAA-CREF), et al.
As reported to the Department, Christine Bauer-Ramazani et al. v. Teachers Insurance And Annuity Association of America-College Retirement and Equities Fund (TIAA-CREF), et al., is a class action filed in the United States District Court, District of Vermont, Case No. 1:09-cv-190, filed on August 17, 2009. Whereby, if you at any time during August 17, 2003 and May 9, 2013 requested a transfer or distribution of funds held in a CREF or TIAA variable annuity account covered by ERISA whose funds were not transferred or distributed within seven days of the date the account was valued and were denied the investment gains, you may be entitled to share in the settlement fund. The Fairness Hearing will be held on September 3, 2014 at 10:00 am in the United States District Court for the District of Vermont, United State Courthouse, 204 Main Street, Brattleboro, Vermont 05301.
The Consolidated Fourth Amended Complaint (hereinafter “Complaint”) alleges that the Defendants* wrongfully used customer funds after they asked that such funds be returned or transferred. Additionally, Plaintiffs allege the Defendants’ actions violate their fiduciary duties and constitute prohibited transactions under the Employee Retirement Income Security Act of 1974 (ERISA). Specifically, Plaintiffs allege the following in Counts 1 through III of their Complaint, respectively: that Defendants allegedly breached their fiduciary duty of loyalty pursuant to ERISA § 404; allegedly breached their fiduciary duty of impartiality pursuant to ERISA § 404; and allegedly engaged in prohibited transactions pursuant to ERISA § 406. Plaintiffs, on behalf of themselves and the Class, seek equitable and legal relief under sections 502(a)(2) and 502(a)(3) of ERISA, together with statutory attorney’s fees.
Additional information will be located at the following website: www.TIAA-CREF-lawsuit.com.
*Teachers Insurance and Annuity Association of America-College Retirement and Equities Fund (TIAA-CREF), College Retirement and Equities Fund (CREF), Teachers Insurance and Annuity Association of America (TIAA), TIAA-CREF Investment Management, LLC (TCIM), Teachers Advisors, Inc. (TAI), and TIAA-CREF Individual and Institutional Services, LLC.
Wayne Jameson, et al. v. Metropolitan Group Property and Casualty Insurance Company:
As reported to the Department, Wayne Jameson, et al. v. Metropolitan Group Property and Casualty Insurance Company is a class action filed in the United States District Court of Delaware Case No. 1:10-CV-310 RGA-CJB on April 16, 2010. The class consists of any insured under a Met Group Delaware automobile insurance policy, or an insured's healthcare provider, who (a) submitted medical expense claims to Met Group pursuant to a Personal Injury Protection ("PIP") and/or Medical Payments ("Med Pay") policy provision; (b) had claims reviewed and adjusted by Met Group, with the aid of computerized medical bill review, based on whether the amount charged was usual, customary and/or reasonable ("UCR Adjustment") during the period from January 1, 1997 through June 11, 2013; and (c) received or were tendered payment in an amount less than the submitted medical charges and the stated policy limits. Class members may be entitled to a settlement payment. The Fairness Hearing will be held May 22, 2014.
The complaint alleges that Defendants* (collectively, "Met Group") wrongfully denied claims for payment of medical expenses to insureds or their healthcare providers who submitted claims pursuant to a Met Group Delaware automobile insurance policy's PIP and/or Med Pay benefits provision. The complaint alleges that Met Group breached its duties under automobile insurance policies by applying UCR Adjustments, with the aid of a computerized bill review system, to arbitrarily reduce PIP and/or Med Pay claim payments from the actual reasonable medical expenses of their policyholders. As a result of Met Group's denial of full PIP and/or Med Pay benefits, Met Group's insureds are held liable for unpaid medical bills.
For additional information, contact Rust Consulting, Inc., Jameson Class Action Administrator, at P.O. Box 3058, Faribault, MN, 55021-2658 or at 877-260-0396.
* Metropolitan Group Property and Casualty Insurance Company; Metropolitan Casualty Insurance Company; Metropolitan General Insurance Company; Metropolitan Property and Casualty Insurance Company; Economy Fire & Casualty Company; Economy Preferred Insurance Company; Economy Premier Assurance Company; St. Paul Fire and Marine Insurance Company; St. Paul Mercury Insurance Company; St. Paul Guardian Insurance Company; Athena Assurance Company; United States Fidelity & Guaranty Insurance Company; Fidelity and Guaranty Insurance Company; and Fidelity and Guaranty Insurance Underwriters
Richard Stanforth Jr., et al. v. Farmers Insurance Company of Arizona, et al.:
As reported to the Department, Richard Stanforth Jr., et al. v. Farmers Insurance Company of Arizona, et al. is a class action filed in the United States District Court of New Mexico Case No. 09-CV-01146 RB/RHS on December 4, 2009. Whereby, if you were an insured under any Farmers policy issued, renewed or effective in New Mexico on or after January 1, 1995, that did not provide uninsured or underinsured motorist insurance (UM/UIM) coverage equal to the liability coverage limits for property damage, you may be entitled to participation in a settlement. The Fairness Hearing will be held June 6, 2014.
The complaint alleges that Defendants* (collectively, “Farmers”), through its agents, encouraged insureds, to discontinue uninsured or underinsured motorist insurance (UM/UIM) coverage on one or more vehicles when one vehicle already carried UM/UIM coverage. The complaint alleges that Farmers agents explained to insureds that UM/UIM was portable and that each vehicle would remain covered but did not explain that the UM/UIM coverage of each vehicle would be reduced by maintaining such coverage on only one vehicle because such coverage can be “stacked.” Plaintiffs allege that Farmers had not procured a valid rejection/waiver of UM/UIM benefits consistent with New Mexico law. As a result, Plaintiffs, who were involved in motor vehicle accidents with uninsured or underinsured motorists where the injuries and damages far exceeded the amount of liability coverage held by the motorists, were denied UM/UIM benefits in an amount equal to the total liability coverage on the insured vehicles. The complaint seeks declaratory judgment, injunctive relief, and compensatory and punitive damages, alleging that Farmers wrongfully denied claims for UM/UIM benefits, which constitutes breach of contract, breach of the implied covenant of good faith and fair dealing and violating New Mexico law governing unfair trade practices and insurance.
Additional information will be located at the following website after notice of Preliminary Class Action Settlement Approval is mailed: www.Stanforth-NM-ClassActionSettlement.com
* Farmers Insurance Company of Arizona, Mid-Century Insurance Company, Farmers Insurance Exchange, Truck Insurance Exchange, Bristol West Insurance Company, 21st Century Advantage Insurance Company, 21st Century Assurance Company, 21st Century Casualty Company, 21st Century Centennial Insurance Company, 21st Century Insurance Company of the Southwest, 21st Century National Insurance Company, 21st Century North America Insurance Company, 21st Century Premier Insurance Company, Foremost Insurance Company Grand Rapids, Michigan, Foremost Property & Casualty Insurance Company, Foremost Signature Insurance Company, and Maryland Casualty Company