May 5, 2022
How are insurance companies permitted to calculate the actual cash value (ACV) of totaled vehicles to determine a payout? The complaint for this class action claims that Progressive Advanced Insurance Company unfairly reduces the amounts of its payouts to policyholders by subtracting a “Projected Sold Adjustment” from the values of comparable vehicles when it makes its calculations.
Case Event File: Progressive Advanced “Projected Sold Adjustments” to ACVs Arizona ComplaintRelated to: Progressive Advanced “Projected Sold Adjustments” to ACVs Arizona Class Action