The city of San Diego is paying $6 million to a group of insurers to compensate them for paying claims from floods in January 2024 floods.
The city council granted final approval Tuesday to the settlement, part of a longer process in which the city is facing dozens of lawsuits over floods that destroyed homes and displaced residents. Insurers and residents sued the city, arguing it caused the flooding and damage by failing to maintain its stormwater system, the San Diego Union-Tribune is reporting.
According to the newspaper, the payments go to 17 insurance carriers in four subrogation lawsuits and comes from a self-insurance program.
The article lists the insurers scheduled be paid as: Palomar Specialty; Palomar Express and Surplus; Allied World Assurance; State Farm Mutual Automobile; Tokio Marine Kiln Holdings; Federated Mutual; Allstate; Allstate Northbrook Indemnity; Esurance Property and Casualty; Encompass; Integon National; Integon Preferred; National General; Insurance Co. of the West; Mercury; California Automobile; and Certain Underwriters of Lloyd’s London.
Topics
Carriers
Flood
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