Actual Cash Value
Progressive Premier “Projected Sold Adjustments” Georgia Class Action
When vehicles are totaled, insurers use their actual cash value (ACV) to determine the payout to the policyholders. This class action alleges that Progressive Premier Insurance Company of Illinois unfairly apply a “Projected Sold Adjustment” to the prices of comparable vehicles, reducing their ACVs and thus reducing the amount it must pay out. Read more
Progressive Gulf, Mountain Laurel “Projected Sold Adjustments” Mississippi Class Action
When a vehicle is totaled, insurance companies must determine its actual cash value (ACV) in order to calculate the payout to policyholders. This class action brings suit against Progressive Gulf Insurance Company and Mountain Laurel Assurance Company, alleging they unfairly apply a “Projected Sold Adjustment” to the prices of comparable vehicles, in order to lower Read more
Progressive Advanced “Projected Sold Adjustments” to ACVs Arizona Class Action
How are insurance companies permitted to calculate the actual cash value (ACV) of totaled vehicles to determine a payout? The complaint for this class action claims that Progressive Advanced Insurance Company unfairly reduces the amounts of its payouts to policyholders by subtracting a “Projected Sold Adjustment” from the values of comparable vehicles when it makes Read more
Progressive Direct “Projected Sold Adjustments” to ACVs Massachusetts Class Action
When a vehicle is totaled, Progressive Direct Insurance Company must calculate its actual cash value (ACV) to calculate the payout it will make to the policyholder. But the complaint for this class action alleges that Progressive Direct “systematically thumbs the scale” in its own favor by applying a “Projected Sold Adjustment” to lower its payouts Read more
Progressive Direct “Projected Sold Adjustments” to ACVs Delaware Class Action
When a vehicle is totaled, the insurer must calculate its actual cash value (ACV) to determine the appropriate payout to the policyholder. But the complaint for this class action alleges that Progressive Direct Insurance Company “systematically thumbs the scale” in its favor by applying a “Projected Sold Adjustment” to lower its payouts in Delaware. Read more
Progressive Casualty “Projected Sold Adjustment” to ACVs Connecticut Class Action
In determining payouts for totaled vehicles, insurance companies must calculate the vehicles’ actual cash value (ACV). But is it legitimate for an insurance company to subtract a “projected sold adjustment” from the values shown for comparable vehicles in the area? The complaint for this class action claims that Progressive Casualty Insurance Company applies a “deceptive Read more
Progressive Direct “Projected Sold Adjustment” to ACVs Minnesota Class Action
How should insurance companies figure a totaled vehicle’s actual cash value (ACV)? This class action takes issue with Progressive Direct Insurance Company’s “projected sold adjustment” which the company has subtracted from the prices of comparable vehicles to determine ACVs and its payouts to insureds. The complaint calls the adjustments “deceptive and unexplained” and “contrary to Read more
Progressive Universal ACVs Reduced by Projected Sold Adjustment Iowa Class Action
What is a Projected Sold Adjustment? Is it a legitimate reduction in the actual cash value (ACV) of a totaled vehicle, to help determine the insurance payout? The complaint for this class action alleges that it is not. According to the complaint, Progressive Universal Insurance Company “systematically thumbs the scale” when it asks its vehicle Read more
Westfield National ACVs Reduced by Projected Sold Adjustment Illinois Class Action
If a vehicle is totaled in an accident, how is the actual cash value (ACV) calculated to determine the insurance payout? The complaint for this class action alleges that Westfield National Insurance Company “systematically thumbs the scale” by requiring that a “Projected Sold Adjustment” be deducted from the prices of comparable vehicles used for valuation. Read more
Progressive Advanced “Projected Sold Adjustment” to ACVs Missouri Class Action
When a vehicle is declared a total loss, the insurance company must be calculated an actual cash value (ACV) for the vehicle in order to make a payout for the loss to the insured. The complaint for this class action alleges that Progressive Advanced Insurance Company unfairly reduces the amount of the payout by having Read more
