Ohio Supreme Court May 16, 2007, No. 2005-2162 (Bellman v. American International Group)

O’Donnell, J.

{¶ 1} On June 19, 2002, Kevin Bellman, together with 23 other claimants, filed a class action lawsuit against 21 insurance carriers alleging that each had engaged in a regular practice of delaying payments on case settlements in an effort to derive financial benefit from the “float” on the settlement funds.