May 12, 2022
When a vehicle is totaled, insurance companies must determine its actual cash value (ACV) in order to calculate the payout to policyholders. This class action brings suit against Progressive Gulf Insurance Company and Mountain Laurel Assurance Company, alleging they unfairly apply a “Projected Sold Adjustment” to the prices of comparable vehicles, in order to lower the amounts they must pay out.
Case Event File: Progressive Gulf, Mountain Laurel “Projected Sold Adjustments” Mississippi ComplaintRelated to: Progressive Gulf, Mountain Laurel “Projected Sold Adjustments” Mississippi Class Action