Welcome to the Website for the Loughran v MIC General Insurance Company Settlement
A settlement has been reached in a lawsuit pending in the United States District Court for the District of Arizona (the “Court”) against MIC General Insurance Company (“Defendant” or “MIC”). Plaintiff’s legal claims in the lawsuit arise out of how MIC paid underinsured or uninsured motorist claims.
Plaintiff contends that Arizona law dictates that multi-vehicle insurance policies that provide uninsured or underinsured motorist coverage provide separate coverage for each vehicle and, unless an insurance company complies with the statutory requirements to limit an insured’s coverage to a single vehicle, an insured may stack coverage, meaning they may be entitled to recover up to the policy limits for each insured vehicle.
Plaintiff alleges MIC failed to provide the required policy language and notice under Arizona law, and, as a result, failed to pay up to the uninsured and underinsured policy limits for each additional vehicle covered by the policy. MIC denies any wrongdoing. The Court has not decided who is right.