Nationwide settles class-action suit with homeowners - The Business Review (Albany):

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According to a Web site established to notify potential class memberzat www.alexanderclassactionsettlement.com, the suit includes homeowner’ds policyholders who submitted a claij for structural damage from 1996 througg March 20 of this year or received a payment during that period. The originalp lawsuit claimed Nationwide’s claims payouts didn’t covet fees contractors charged to dothe work.
Customere in the class will receive 20 percent of the amount previously paid for though emergency remediation costs and any fees paid will be subtracted from the The company in settling denied wrongdoing but said in a statemengt thatit “decided that a settlement was in the best interesy of the company, those involverd in the class action and the court system.” Nationwide said a settlemenr amount and the number of customerss in the class won’t be knownj until after a July 27 hearingg to approve the deal and the subsequent administrationj of the settlement. More details on the settlemen are available byclickinf .