Actual Cash Value
Infinity Insurance Insufficient Total Loss Payouts California Class Action
Infinity Insurance Company offers auto insurance policies. The complaint for this class action alleges that, when a vehicle is totaled, Infinity does not include all required costs in its calculation of the actual cash value (ACV). It claims that Infinity either does not pay or underpays California state sales tax and state-mandated regulatory fees. Read more
State Farm Mutual Auto Insurance “Typical Negotiation Adjustments” Arkansas Class Action
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 Read more
State Farm Mutual Auto Insurance “Typical Negotiation Adjustment” Class Action
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 Read more
State Farm Mutual Auto Insurance Sales Tax on Total Losses California Class Action
When an insurance company pays you the actual cash value (ACV) of a totaled vehicle, what is included in that amount? The complaint for this class action alleges that State Farm Mutual Automobile Company should, but does not, include the sales tax that will be charged on a new vehicle. Read more
Progressive Casualty “Projected Sold Adjustment” New York Class Action
How does an insurance company calculate the actual cash value (ACV) of a vehicle that has been totaled in an accident? The complaint for this class action alleges that Progressive Casualty Insurance Company determines the cost of “comparable vehicles” but then subtracts a “projected sold adjustment” that unfairly lowers the amount of the payout to Read more
Progressive Actual Cash Value Negotiation Adjustment New York Class Action
When a vehicle is totaled in an accident, the insurance company must determine the actual cash value (ACV) of the vehicle. Progressive Corporation, which does business as Progressive and Progressive Group of Insurance Companies, uses valuation reports from a vendor called Mitchell International, Inc. to make that determination, but the complaint for this class action Read more
Safeco Insurance of Illinois Sales Tax on Total Losses Missouri Class Action
When an insurance company must pay for a vehicle that is a total loss from an accident or that has been stolen, what items must be figured into the payout? The complaint for this class action alleges that Safeco Insurance Company of Illinois is required to pay sales tax as part of the payment for Read more
PEMCO Mutual Insurance Deductions from Total Loss Payments Settlement
This $14 million settlement resolves a class action against PEMCO Mutual Insurance Company. The complaint alleged that the company calculated total loss payouts by using Autosource estimates, then deducting amounts for “typical negotiations” in a way that the complaint said was not factually supported, reasonable, or allowed by the laws of the state of Washington. Read more
USAA Casualty Insurance Inclusions in Total Loss Payments Georgia Class Action
The issue in this class action is payment of motor vehicles title ad valorem tax (TAVT) by the insurance company when an insured vehicle is declared a total loss. The complaint alleges that this payment is required by the state of Georgia but that USAA Casualty Insurance Company does not pay it. It also claims Read more
Grange Insurance Companies Sales Tax, Fees on ACV Settlement
A settlement has been reached in a class action against Grange Indemnity Insurance Company, Grange Insurance Company (formerly, Grange Mutual Casualty Company), Grange Property and Casualty, and Trustgard Insurance Company. The class action alleged that the companies did not pay insureds who submitted physical damage claims the full actual cash value (ACV) of totaled vehicles. Read more
