Lawsuit Alleges Insurance Company Promised Certain Discounts That It Subsequently Did Not Provide
Giskan Solotaroff & Anderson LLP filed a class action against Chubb Group Holdings, Inc., along with its subsidiaries Chubb INA Holdings, Inc., and Federal Insurance Company (collectively, “Chubb”), alleging deceptive practices related to the offers for their homeowners’ insurance policies.
According to the suit, the offers sent by Chubb state that, because the potential customer has taken certain actions, such as installing a residential sprinkler system, the original price of the policy has been reduced through the application of a series of percentage discounts. In reality, Chubb does not reduce the original price of the premium by the percentages promised. As a result, Chubb has been charging customers thousands of dollars more for homeowners’ insurance coverage than they promised to those customers.
Through this nationwide class action, Plaintiff, on behalf of the class, alleges that Chubb’s practice of promising discounts in its policy offers and then not properly applying those discounts is an unlawful, unfair, deceptive and fraudulent business practice, and a breach of contract. This action seeks damages, disgorgement, restitution, equitable relief, reformation, and any other available remedies for persons or entities that purchased or renewed an insurance policy provided by Chubb after Chubb communicated to those consumers such discounts.