Is Greater New York Mutual Insurance Settlement A Scam?
Did you receive the Greater New York Mutual Insurance settlement email? It is not a scam. You received the mail because you filed a claim.
In case you’ve forgotten, Greater New York Mutual Insurance Co. has agreed to a settlement in a class action lawsuit aimed at resolving allegations that it incorrectly deducted depreciation from claims related to commercial property insurance.
Who Is Eligible For The Greater New York Mutual Insurance Settlement
The settlement provides advantages to policyholders who hold commercial property insurance policies issued by Greater New York Mutual Insurance Co. and who submitted structural loss claims for properties located in Illinois between January 1, 2019, and September 23, 2021. These claims resulted in an actual cash value calculation that withheld nonmaterial depreciation.
However, Plaintiffs involved in the class action lawsuit against the insurance company allege that Greater New York Mutual Insurance erroneously deducted nonmaterial depreciation from labor costs on claims related to damage to commercial properties.
How Much Is The Settlement?
According to the settlement terms, members of the class may be eligible to receive a complete reimbursement for the nonmaterial depreciation that remained unpaid, along with a 5% simple interest. Also, Currently, there is no information available regarding the estimated amount of the settlement payment.
How To File A Claim
If you want to get a settlement payment. Make sure to fill out a valid claim form by Nov. 7, 2023. That’s the deadline, so don’t miss it!
If you are eligible for the claim click here
Conclusion
In conclusion Danshir LLC, et al. v Greater New York Mutual Insurance Co., Case No. 21-cv-01158, class action lawsuit is not a scam. Just like Louisville and Jefferson County lawsuit settlement, this lawsuit stems from accusations that it’s been alleged that Rover wrongly categorized workers in California as independent contractors instead of recognizing them as employees, which they should have been according to California labor laws.
