April 15, 2022
In determining payouts for totaled vehicles, insurance companies must calculate the vehicles’ actual cash value (ACV). But is it legitimate for an insurance company to subtract a “projected sold adjustment” from the values shown for comparable vehicles in the area? The complaint for this class action claims that Progressive Casualty Insurance Company applies a “deceptive and unexplained” projected sold adjustment to lower its payouts to insureds in Connecticut.
Case Event File: Progressive Casualty “Projected Sold Adjustment” to ACVs Connecticut ComplaintRelated to: Progressive Casualty “Projected Sold Adjustment” to ACVs Connecticut Class Action