October 1, 2021
If your car is totaled in an accident, how does your insurance company calculate its payout of the actual cash value (ACV)? The complaint for this class action alleges State Farm Mutual Automobile Insurance Company has its vendor determine the price of comparable vehicles, then subtracts what the complaint calls “an arbitrary and baseless flat-rate adjustment” it calls a “typical negotiation adjustment.”
Case Event File: State Farm Mutual Auto Insurance “Typical Negotiation Adjustment” ComplaintRelated to: State Farm Mutual Auto Insurance “Typical Negotiation Adjustment” Class Action