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State Farm Mutual Auto Insurance “Typical Negotiation Adjustments” Arkansas Complaint

November 29, 2021

When a vehicle is deemed a total loss, the insurance company must determine the actual cash value (ACV) for the insurance payout. This is generally derived from the prices of comparable vehicles in the same area. But the complaint for this class action alleges that State Farm Automobile Insurance Company subtracts a substantial amount from these prices for something it calls a Typical Negotiation Adjustment, even though it has no documentation that such an adjustment is possible.

Case Event File: State Farm Mutual Auto Insurance “Typical Negotiation Adjustments” Arkansas Complaint

Related to: State Farm Mutual Auto Insurance “Typical Negotiation Adjustments” Arkansas Class Action