Welcome to the Class Notice Website for the Stuart, et al. v. State Farm Fire and Casualty Company Lawsuit
If you made a claim to State Farm for loss or damage to a dwelling or other structure located in Arkansas based on a loss that occurred between May 1, 2010 and December 6, 2013, and you received a payment from State Farm for such claim, this class action lawsuit may affect your rights.
What is this lawsuit about?
This lawsuit is about whether State Farm breached its Arkansas insurance policies by applying depreciation to the estimated costs of labor in calculating the ACV claim payments that it made to its insureds. Plaintiffs contend that the depreciation resulted in Plaintiffs being underpaid and was a breach of the insurance contract.
State Farm denies that its conduct breached the insurance contract. State Farm contends that many policyholders received everything they were entitled to under their policy, including through payments for replacement cost benefits.
The Court has not yet ruled on Plaintiffs’ claims or State Farm’s defenses. You may read the Plaintiffs’ Amended Complaint and State Farm’s Answer to the Amended Complaint on the Important Documents page.
Who is included?
This case covers a Class of State Farm insureds who, according to Plaintiffs’ allegations, were underpaid on their claims because State Farm calculated their ACV claim payments by applying depreciation to estimated labor costs.
The “Class” consists of:
All persons and entities that received “actual cash value” payments, directly or indirectly, from State Farm for loss or damage to a dwelling or other structure located in the State of Arkansas, such payments arising from events that occurred between May 1, 2010 and December 6, 2013, where the cost of labor was depreciated.
The following people are excluded from the Class: (1) all persons and entities that received payment from State Farm in the full amount of insurance shown on the declarations page; (2) State Farm and its affiliates, officers and directors; (3) members of the judiciary and their staff to whom this action is assigned; and (4) Plaintiffs’ counsel.
How do I participate in the lawsuit?
If you are a member of the Class, you will automatically be included unless you take affirmative steps to exclude yourself. Both current and former State Farm insureds can be part of this lawsuit.