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Progressive Universal “Projected Sold Adjustments” to ACV Illinois Complaint

February 18, 2022

When an auto is totaled, the insurer must calculate the actual cash value (ACV) in order to make a payout to the insured. The complaint for this class action alleges that Progressive Universal Insurance Company “systematically thumbs the scale when calculating” this amount, because it applies “Projected Sold Adjustments” that are deceptive and unfair, and that do not reflect actual practice in the auto market.

Case Event File: Progressive Universal “Projected Sold Adjustments” to ACV Illinois Complaint

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