Suit alleges insurance carrier failed to indemnify policy holder
Simon EDWARDSVILLE — A Collinsville-based finance company facing class actions for allegedly repossessing debtors' vehicles, alleges its insurance carrier has failed to provide indemnification per the insurance policy. Universal Credit Acceptance Inc., filed a complaint Feb. 19 in the Madison County Circuit Court against Zurich American Insurance Company alleging breach of contract. According to the complaint, Universal Credit Acceptance claims it is facing "multiple" class action suits and that its insurance carrier, Zurich American, has reused to indemnify...
Source: madisonrecord.com