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Justice Has Been Conducting Criminal Probe of Katrina Claims, Court Records Show

GULFPORT, Miss. August 10 (BestWire) — The U.S. Justice Department has disclosed, via a filing in a civil lawsuit, that it has been considering a criminal probe of State Farm and possibly other insurance companies for allegedly shifting Hurricane Katrina damages to the National Flood Insurance Program.

Insurers among the defendants in the civil lawsuit are Allstate Corp., State Farm Mutual Automobile Insurance Co., Nationwide Mutual Insurance Co., and United Services Automobile Association Insurance Co.

The disclosure came amidst an ongoing whistleblower lawsuit filed in U.S. District Court in Mississippi. The lawsuit was filed on behalf of the defendants by Richard “Dickie&ndquo; Scruggs, an Oxford, Miss., attorney who gained fame handling Big Tobacco lawsuits and who now represents hundreds of Katrina victims in various lawsuits against their insurance companies.

In a July 23 filing in that case, U.S. Attorney Dunn Lampton and Assistant Attorney General Peter Keisler, head of the U.S. Justice Department's civil division, said it would be more difficult for federal criminal investigators if lawyers in the civil case were interviewing potential witnesses. As a result, on Aug. 7, U.S. District Judge Robert H. Walker halted civil discovery in the case, and told the Justice Department it has until Jan. 31, 2008, to either intervene in the case or tell the court that it declines to do so.

Spokespersons for Allstate, State Farm, Nationwide, and USAA were not immediately available to comment on the filing.

The lawsuit was brought in April 2006 by two sisters, Cori and Kerri Rigsby, who filed a sealed complaint alleging State Farm doctored engineering reports to support claim denials after Katrina. The two sisters worked for a company contracted by State Farm, and had secretly taken thousands of pages of State Farm claims records and given them to Scruggs and state and federal authorities.

State Farm has denied the allegations contained in the sisters' complaint.

The Aug. 7 ruling stemmed from an earlier request by the Justice Department to keep the case sealed. The Rigsbys moved to lift the seal and make the case public, but the government objected. Keisler and Lampton asked the court to stay civil discovery if it lifted the seal “in order to avoid possible harm to an ongoing federal criminal investigation,&ndquo; according to filings made public on Aug. 7.

The Justice Department was asking the court to leave the seal in place “because the government would like to have additional time to conduct a civil investigation of this matter. Unsealing the case would require the government to make an immediate decision as to whether or not to intervene in this matter, and the government is not adequately prepared to make that election at this time.&ndquo;

Justice Department civil attorneys, Keisler and Lampton wrote, “have largely held back from conducting a civil investigation of this case thus far, out of deference to the ongoing criminal investigation, and so the government's civil investigation is not yet complete.&ndquo;

State Farm Fire and Casualty Co. currently has a Best's Financial Strength Rating of A+ (Superior), USAA has a Financial Strength Rating of A++ (Superior) and Nationwide Mutual Insurance Co. has a Financial Strength Raging of A+ (Superior).

In 2006, the top five writers of homeowners multiperil in Mississippi, according to A.M. Best Co. state/line product information based on direct premiums written, were: State Farm Group, with a 31.6% market share; Southern Farm Bureau Group, with 18%; Allstate Insurance Group, with 11.1%; Nationwide Group, with 7.7%; and Farmers Insurance Group, with 6%.

(By Chris Grier, Washington correspondent, BestWeek: Chris.Grier@ambest.com) BN-NJ-08-10-2007 1559 ET #

 

June 26, 2008
Mercury Insurance To Pay $250,000 in California Claims Handling Settlement. California Insurance Commissioner Steve Poizner announced that Mercury Insurance Group will pay a $250,000 settlement for alleged claims handling violations.

"I'm pleased that Mercury has agreed to this settlement, which demonstrates that claims handling violations will not be tolerated in California," Poizner said. Mercury recently announced that it is reducing rates for policyholders, and I am hopeful that the company will continue to put its customers first. The Department of Insurance continues to make sure that all insurance companies are obeying the laws in place to protect consumers. "

The California Department of Insurance (CDI) conducted a review of consumer complaints filed with the Department against Mercury Insurance, Mercury Casualty and California Automobile Insurance Companies, collectively known as Mercury Insurance Group. Of the 121 files reviewed, a total of 258 violations were discovered to have occurred from January 2004 through December 2005. The violations involved several of the company's claims-handling practices, including unreasonable delays in affirming or denying coverage and issuing claim payments.

Mercury Insurance Group will pay the DOI $250,000 in monetary penalties, as well as $50,000 for CDI's legal fees and enforcement costs associated with the case. Additionally, if Mercury Insurance does not improve its performance standards -- as evidenced by a 15 percent reduction in justified complaints -- by Dec. 31, 2008, it may be ordered to pay an additional $200,000, the DOI said.

For more information, visit http://www.insurance.ca.gov/0400-news/0100-press-releases/0070-2008/upload/MercurycasesStipWaiver.pdf and http://www.insurance.ca.gov/0400-news/0100-press-releases/0070-2008/upload/MercurycasesStipWaiver.pdf.

For Release: April 28, 2008
Insurance Commissioner Poizner Protects Residents' Options to Replace Their Homes After a Disaster. Legal Opinion Puts Insurance Industry on Notice That Disaster Survivors Can Buy or Rebuild Homes in New Locations.

SAN DIEGO ― Today Insurance Commissioner Steve Poizner announced that the California Department of Insurance (CDI) has issued a legal opinion supporting homeowners' rights to purchase an already built home at a new location using replacement cost insurance coverage and to replace a home in a new location using an extended or guaranteed replacement cost policy.

The legal opinion, formally issued at the request of San Diego Councilmember Brian Maienschein, clarifies current California law and serves as notice to insurers that CDI expects homeowners' rights to be honored.

"Homeowners should know they have legally protected options when putting their lives back together during a very difficult and taxing time," stated Commissioner Poizner. "After a disaster, homeowners have an absolute right to re-establish their lives elsewhere if they so desire - either by rebuilding their homes or buying other homes."

CDI's legal opinion (attached) clarifies the application of California Insurance Code Section 2015.5(c), which was enacted in 2004 by Assembly Bill 2199 (Kehoe), part of the CDI-sponsored Homeowner Bill of Rights born from lessons learned in the 2003 Southern California wildfires. Read more...

March 2007
QCMC Migrates clients from GMAC-ResCap
GMAC-ResCap announces their intent to exit the Hazard Insurance Claims business. QCMC is formed the same month and clients and staff migrate from GMAC-ResCap to QCMC.

June 1, 2007
QCMC Principle works 2003 Southern California Wildfires
Ron Reitz and his team worked with homeowners whose homes were destroyed by the catastrophic fires. One client provided the following feedback: “The caring, courteous & professional service we received makes us very grateful. Our hats are off to [this team]. They are all class people. If I were starting a company, no matter what type, I would try and hire them…….as partners.”
– D. Williams

August 2005
Katrina Homeowners Assisted
Under the leadership of Ron Reitz, GMAC-ResCap assisted thousands of homeowners affected by hurricanes Katrina, Rita and Wilma. Thousands of customers of Homecomings Financial and GMAC Mortgage received hands-on adjusting services and guidance in resolving their hazard insurance claims. Mr. Reitz and his team traveled to Louisiana and Mississippi to meet with borrowers and homeowners in order to provide direct assistance and see the vast destruction first-hand.

 

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Justice Has Been Conducting Criminal Probe of Katrina Claims, Court Records Show
GULFPORT, Miss. August 10 (BestWire) — The U.S. Justice Department has disclosed, via a filing in a civil lawsuit, that it has been considering a criminal probe of State Farm and...(read more)

Home Insurers' Secret Tactics Cheat Fire Victims, Hike Profits ...Read article at Bloomberg.com

The Insurance Crisis is Phony. Read the article at: www.consumerwatchdog.org

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