August 4, 2022
When a vehicle is totaled in an accident, the insurance company must determine its actual cash value (ACV) in order to make a payout to the insured. But the complaint for this class action alleges that Progressive Direct Insurance Company unfairly reduces its payouts by taking the valuations provided by its vendor, Mitchell International, Inc., and applying something it calls a Projected Sold Adjustment.
Case Event File: Progressive Direct Projected Sold Adjustments to ACVs Kentucky ComplaintRelated to: Progressive Direct Projected Sold Adjustments to ACVs Kentucky Class Action