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State Farm and Allstate hit by insurance coverage litigation

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Amongst Lex Machina’s seven insurance coverage case classes – car, uninsured/underinsured motorist protection (UM/UIM), house owner’s, hurricane-related circumstances, enterprise legal responsibility, enterprise interruption, and life – hurricane-related circumstances noticed the biggest enhance between 2020 and 2021, although car and enterprise legal responsibility insurance coverage additionally noticed vital development throughout this era.

In 2021, 26% of all insurance coverage litigation in federal district courts, or over 3,800 lawsuits, have been hurricane-related. Enterprise interruption circumstances peaked in 2020 however continued to be filed in giant numbers all through 2021.

From 2017 to 2021, the Southern District of Florida heard the very best variety of insurance coverage case filings. State Farm Mutual Auto Insurance coverage was essentially the most lively defendant by variety of circumstances with just below 2,500 lawsuits towards it. State Farm’s casualty protection agency, State Farm Fireplace & Casualty, was the second most lively defendant, with 2,332 circumstances. Allstate Insurance coverage rounded out the highest three most lively defendants by circumstances with 1,236 circumstances.

Probably the most lively plaintiffs’ regulation agency was Pandit Regulation, dealing with over 1,200 lively circumstances, whereas essentially the most lively defendants’ regulation agency was Butler Weihmuller Katz Craig, with 1,050 lively circumstances. Runners up on the plaintiffs’ aspect have been Merlin Regulation Group and Gauthier Murphy & Houghtaling. On the defendants’ aspect have been Neilsen & Treas and Thompson, Coe, Cousins & Irons with greater than 800 lively circumstances every.

In 2021, over $157 million in damages was awarded over 123 circumstances.

“Insurance coverage is a really lively observe space proper now, and filtering between related teams of circumstances is essential,” mentioned Ron Porter, Lex Machina’s insurance coverage authorized knowledge professional. “By filtering case sorts, we’re capable of perceive how a lot hurricane-related circumstances have affected the insurance coverage observe, in addition to have a look at tendencies in circumstances with very totally different truth patterns comparable to enterprise interruption and car insurance coverage circumstances.”

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