What is the naic number number for safeco insurance company? The NAIC number for Safeco Insurance Company of America, domiciled in Keene, New Hampshire, is 24740. Safeco Insurance has multiple different underwriting companies, eac â¦ h of which has a different NAIC number, all of which are listed on the Safeco Insurance website.
When in doubt, always seek advice from an accountant. Also, be sure to check out the IRSâ website (www.irs.gov). Now, class action lawsuits are generally designed to deal with situations where the injury is material (i.e., a defective product or consumer fraud), rather than physical (personal injury or sickness).So, class action settlement money will, in general, be taxable.ttorney's fees are also taxable, and in situations where these were expected to be paid out of a lump sum payment, it is your responsibility to keep records of these payments to ensure you donât end up paying taxes on money you no longer have.
Generally, the class action procedures are similar in state and federal courts. Q: How does a class action work?A: When a case is brought as a class action, usually the court decides first whether it is a proper class action through a process called class certification. Then, the parties proceed toward trial on the basis of the claims in the case. Settlement negotiations may occur at any point in the case. The court must approve any settlement and will order notice to be given to any class action members who will be bound by a settlement agreement or a dismissal of the case. Q: I have heard about âopting inâ and âopting outâ of a settlement.