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Progressive Actual Cash Value Negotiation Adjustment New York Complaint

July 22, 2021

When a vehicle is totaled in an accident, the insurance company must determine the actual cash value (ACV) of the vehicle. Progressive Corporation, which does business as Progressive and Progressive Group of Insurance Companies, uses valuation reports from a vendor called Mitchell International, Inc. to make that determination, but the complaint for this class action alleges that Progressive improperly tilts values in its own favor by applying something called Projected Sold Adjustments.

Case Event File: Progressive Actual Cash Value Negotiation Adjustment New York Complaint

Related to: Progressive Actual Cash Value Negotiation Adjustment New York Class Action