June 8, 2022
When vehicles are totaled, insurers use their actual cash value (ACV) to determine the payout to the policyholders. This class action alleges that Progressive Premier Insurance Company of Illinois unfairly apply a “Projected Sold Adjustment” to the prices of comparable vehicles, reducing their ACVs and thus reducing the amount it must pay out.
Case Event File: Progressive Premier “Projected Sold Adjustments” Georgia ComplaintRelated to: Progressive Premier “Projected Sold Adjustments” Georgia Class Action