San Diego OKs $6 million settlement with insurance companies for flood damage
San Diego will pay more than $6 million to a group of insurance companies that paid out property owners’ claims from January 2024 floods, after the City Council granted final approval Tuesday to a settlement. It’s the first major settlement as the city litigates dozens of lawsuits over flooding that destroyed homes and displaced residents, most in the Chollas Creek watershed. Separately from the insurers, thousands of San Diegans have sued the city, saying it caused the flooding and damage by failing to maintain its stormwater system. City lawyers have filed cross-complaints against some of them. Under the settlement, 17 insurance carriers in four subrogation lawsuits will get a total of $6,326,330.75 from the city.
Related articles:
- NBC7 (San Diego): San Diego to pay $6.3M settlement over 2024 floods – but not to survivors
- FOX5 (San Diego): San Diego settles with insurers, flood victims still unpaid
- CBS8 (San Diego): San Diego City Council approves $6.3M settlement with insurance carriers over 2024 floods
- Legal Reader: Blog: San Diego flood victims wait as insurers receive settlement first
