ClassAction.org Wants to Hear From Insured Businesses Regarding Loss History Updates

(EMAILWIRE.COM, May 17, 2012 ) New York, NY – The attorneys working with Class Action.org would like to hear from businesses which were sued, even though it was not their fault, and their insurer collected against the at-fault counterparty. It has been alleged that some property and casualty insurers are not updating business’ loss history to reflect such a recovery. As a result, these businesses could have been overcharged, possibly even illegally. If you believe you were subjected to these practices, the attorneys working with Class Action.org would like to hear your claim. It is possible that these businesses may have legal recourse to recover financial compensation. For more information, please visit http://www.classaction.org/credit-loss-history-for-insured-businesses.html and complete the free case review form.

Typically, the insurance industry has based insurance prices upon prior loss experience. Insurance companies will estimate loss payments and loss adjustment expenses as part of this historical information. In most cases, prospective insurers will examine three to five years of prior loss history. If a business is sued, through no fault of their own, and the insurance company collects against the at-fault counterparty, the business loss history should be updated to reflect this recovery. If this history is not properly updated so that the loss dollars do not count against the insured for prospective rating calculations, it is possible that the insured is being overcharged.

If you suspect your business loss history was not updated after being sued and collecting against the at-fault party, the attorneys working with Class Action.org would like to hear from you. They are looking to determine if these businesses have legal recourse to collect compensation for these possible overcharges. To learn more, please visit ClassAction.org today.

About Class Action.org

Class Action.org is dedicated to protecting consumers and investors in class actions and complex litigation throughout the United States. Class Action.org keeps consumers informed about product alerts, recalls, and emerging litigation and helps them take action against the manufacturers of defective products, drugs, and medical devices. Information about consumer fraud issues and environmental hazards is also available on the site. Visit http://www.classaction.org today for a no cost, no obligation case evaluation and information about your consumer rights.

ClassAction.org
Hannah Armstrong
800-449-1970
pressrelease@lawyercentral.com