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.
IRS Regulations. According to the IRS, any lawsuit settlement proceeds that a court awards for physical illness or injury are non-taxable. This includes wrongful death settlements, since the damages are imposed due to a courtâs finding that a third party is responsible for the physical illness or injury that resulted in death.