September 16, 2022
When a vehicle is totaled in an accident, the insurance company must calculate the vehicle’s actual cash value (ACV) in order to determine the payout. The complaint for this class action alleges that Progressive Universal Insurance Company “systematically thumbs the scale” in its own favor by applying something called a Projected Sold Adjustment that the complaint alleges is arbitrary, unfair, and unrealistic as to current practices in the used car market.
Case Event File: Progressive Universal “Projected Sold Adjustments” Nebraska ComplaintRelated to: Progressive Universal “Projected Sold Adjustments” Nebraska Class Action