Insurance company drops suits over Chicago-area flooding

An insurance company has dropped its unprecedented lawsuit that had claimed that nearly 200 Chicago-area communities didn’t do enough to prevent last year’s widespread flooding.

The class-action lawsuits were filed by Farmers Insurance Group in Cook and the collar counties, ostensibly on behalf of more than 600 property owners affected by the flood, and sought to make the local governments reimburse the insurance company for claims it paid out to those property owners. In a move that took the defendants by surprise, it was withdrawn less than two months after it was filed…Please click here to read Robert McCoppin’s story in the Tribune.