'98 ice storm class-action settlement worth $52 million
As many as two million Quebecers, who were forced from their homes by the Ice Storm in January 1998, could benefit from a tentative out-of-court settlement involving 15 insurance companies.
The Quebec Consumer Association has reached a settlement of $52.5 million after filing a class action law suit against 15 insurance companies on behalf of their policy holders living in 640 Quebec municipalities affected by the storm.
The Sylvestre Fafard Painchaud firm representing the Quebec Consumer Association says the policyholders should have received compensation from their insurance companies for additional living expenses, since their homes weren't liveable.
"Lucien Bouchard had told the population of Quebec to leave their homes if they did not have any electricity," Dominique Gervais, lawyer for the Quebec Consumers Association told CJAD. "But the insurance companies did not see this as an evacuation order, so they didn't pay for the additional living expenses of their policyholders."
The settlement must still be approved by the Superior Court of Quebec on October 25th 2013, and, if it's approved, it will be the biggest class action award in Quebec history.
All members of the class action lawsuit will receive a $50 check in the mail at the address of their residence during the Ice Storm.
To find out if you are entitled to receive compensation by this agreement visit www.icestormclassaction.ca.
Those who cash their $50 checks, could be in line to receive more money, depending on how many people claim.
Photo: La Presse