February 21, 2022
When an insurance company calculates a payout for damage to an insured property, the calculation can be made in different ways. This class action takes issue with the calculations of Society Insurance, A Mutual Company, alleging that, in determining the actual cash value (ACV) of a loss, it improperly depreciates labor costs.
Case Event File: Society Insurance Improper Depreciation of Labor IL, TN, WI First Amended ComplaintRelated to: Society Insurance Improper Depreciation of Labor IL, TN, WI Class Action