The plaintiffs sued their former insurer, Economical, and a related foundation, claiming entitlement to demutualization benefits after Economical declined to renew their home insurance policy due to their claims history.
The defendants moved for summary judgment.
The court granted the motion and dismissed the action, finding that the plaintiffs were not eligible policyholders on the crystallization date for demutualization benefits.
The court also held that Economical had no duty to warn the plaintiffs about its internal underwriting guidelines or to renew the policy, and that the claim was statute-barred as it was commenced outside the two-year limitation period.
