Terminix Reaches Settlement with State Attorney General

Terminix Global Holdings Inc. recently announced that it reached a settlement with the Alabama Attorney General’s office regarding its Mobile Bay Formosan termite business practices, it announced via BusinessWire. The settlement, which WFSA12 reported as totaling$60 million, provides for various immediate remediation measures to be provided directly to current and former customers. Under Alabama law, this settlement is expected to mitigate future punitive damage awards from legacy termite damage by Mobile Bay area consumers, reducing the company’s potential exposure to termite damage claims filed after the date of the settlement. The settlement included the establishment of a $25-million consumer relief fund, which will be managed by an appointed facilitator and used to settle customer refunds and other remediation efforts, as well as to provide a more efficient termite damage claims dispute settlement process. This process will provide customers with a state-sponsored and expedient avenue to resolve damage claim disputes and shorten claim settlement time.