Arkansas State Farm Insurance Claims Class Action Settlement

State Farm has agreed to a class action settlement to resolve claims that they breached their Arkansas contracts by underpaying policyholders for their claims.

The settlement benefits individuals who made a claim to State Farm for loss or damage to a dwelling or other structure located in Arkansas based on a loss that occurred between May 1, 2010 and Dec. 6, 2013 and who received an “actual cash value” payment from State Farm for their claim.

After an insured property is damaged, insurance may provide benefits for policyholders in the form of cost reimbursement. Generally, policyholders are compensated with the “actual cash value” of their property.

Plaintiffs in the State Farm class action claim that the insurance company breached their Arkansas policies by wrongfully deducting the depreciation of labor costs for property damage. According to the State Farm class action, the depreciation deduction resulted in underpayment of claims.

State Farm has not admitted any wrongdoing in the allegations against them. The insurance company maintains that they did not breach the Arkansas insurance contracts and that claimants received all of the benefits they were entitled to. However, the company has agreed to a State Farm class action settlement to resolve the litigation.

The settlement provides varying levels of compensation for estimated unpaid labor depreciation, ranging from full 100 percent reimbursement to 10 percent reimbursement. Additional information about which claimants are eligible for which compensation is available in the “Potential Award” section below.

In order to receive benefits from the settlement, Class Members must file a valid claim form by July 1, 2020. The deadline for exclusion and objection is May 2, 2020. The final approval hearing for the settlement is June 1, 2020.

Who’s Eligible

Individuals who made a claim to State Farm for loss or damage to a dwelling or other structure located in Arkansas based on a loss that occurred between May 1, 2010 and Dec. 6, 2013 and who received an “actual cash value” payment from State Farm for their claim.

You are a Class Member in this settlement if you can answer “yes” to the following questions:

• Do you or did you have an Arkansas homeowners insurance policy issued by State Farm Fire and Casualty Company?
• Did you receive an “actual cash value” payments, directly or indirectly, from State Farm for loss or damage to a dwelling or other structure located in the State of Arkansas, such payments arising from events that occurred between May 1, 2010 and December 6, 2013?
• Did your “actual cash value” payment include a deduction for estimated depreciation of labor?

Potential Award

Three groups of potential compensation:

• Group A: 100 percent of estimated unpaid labor depreciation plus interest at 5.25 percent per annum (for claimants who had estimated labor depreciation deducted but not subsequently recovered and who did not complete repairs in full)
• Group B: 75 percent of the estimated unpaid labor depreciation plus interest at 5.25 percent per annum (for claimants who had estimated labor depreciation deducted but only recovered part of the initially deducted labor depreciation and/or completed repairs in full)
• Group C: 10 percent of the estimated unpaid labor depreciation (for claimants who had estimated labor depreciation deducted and recovered all depreciation)

Proof of Purchase

Information in State Farm’s records along with claimant documentation may be required to validate claims.

Claim Form

CLICK HERE TO FILE A CLAIM »

NOTE: If you do not qualify for this settlement do NOT file a claim.

Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.

Claim Form Deadline

7/1/2020

Case Name

Stuart, et al. v. State Farm Fire and Casualty Company, Case No. 4:14-cv-04001-SOH, in the U.S. District Court for the Western District of Arkansas

Final Hearing

6/1/2020

Settlement Website

www.Stuart-v-Statefarm.com

Claims Administrator

Stuart v. State Farm Settlement Administrator
c/o JND Legal Administration
P.O. Box 91209
Seattle, WA 98111
info@stuart-v-statefarm.com
1-855-613-6151

Class Counsel

D. Matt Keil
John C. Goodson
KEIL & GOODSON PA

Matthew L. Mustokoff
Richard A. Russo Jr.
KESSLER TOPAZ MELTZER CHECK LLP

A.F. “Tom” Thompson III
Kenneth P. “Casey” Castleberry
MURPHY THOMPSON ARNOLD SKINNER & CASTLEBERRY

James M. Pratt Jr.
JAMES M. PRATT JR. PA

Steven E. Vowell
TAYLOR LAW PARTNERS

Richard E. Norman
R. Martin Weber Jr.
CROWLEY NORMAN LLP

Defense Counsel

Joseph A. Cancila Jr.
Jacob L. Kahn
RILEY SAFER HOLMES & CANCILA LLP

John E. Moore
Beverly A. Rowlett
MUNSON ROWLETT MOORE, & BOONE PA

Read More Lawsuit & Settlement News:

Is Roundup Harmful to Humans?

Stanley Black & Decker Recalls Hammers Over Injury Risk

K-Apparel Children’s Lounge Pants Recalled

Tropicana Class Action Says Juice Label is Deceptive