Actual Cash Value
Catlin Specialty Insurance Company Labor Depreciation Tennessee Class Action
When your insurance company pays for the repair or replacement needed for a damaged structure, how do they calculate the actual cash value (ACV) and your payout? The complaint for this class action alleges that Catlin Specialty Insurance Company deducts depreciation for labor, and claims that the company should not be permitted to do that. Read more
American Family Insurance Vehicle Actual Cash Value Class Action
When an insured passenger vehicle is declared a total loss, the insurance company will pay the owner or lessee the actual cash value (ACV) of the vehicle. The complaint for this class action alleges that American Family Insurance Company does not properly calculate the ACV, because it does not include the sales tax, title transfer Read more
Selective Insurance Co. of SC Depreciation of Labor Tennessee Class Action
When an insured party makes a claim for the actual cash value (ACV) of damaged property, how is that amount calculated? The complaint for this class action alleges that, in figuring the ACV of damaged property, Selective Insurance Company of South Carolina should not have subtracted depreciation for labor. Read more
Progressive Direct Impermissible Deductions from ACV Washington Class Action
How should an insurance company calculate the actual cash value (ACV) of a vehicle it declares a total loss? Progressive Direct Auto Insurance Company does it incorrectly, alleges the complaint for this class action, taking “unsupported, impermissible and unverifiable” adjustments, which are always deductions, from the price of comparable vehicles. Read more
James River Insurance Actual Cash Value and Vehicle Transfer Fees Florida Class Action
When an insurance company is deciding the actual cash value ACV) of a totaled vehicle, what is included? The complaint for this class action alleges that James River Insurance Company ought to be including title and registration transfer fees for settlements under its Florida insurance policies. Read more
Progressive Select Incomplete Payment of Vehicle ACV Class Action
This class action is one of a number of recent ones taking issue with insurance companies’ payments for the actual cash value (ACV) of vehicles that are deemed total losses. In this case, the complaint alleges that Progressive Select Insurance Company does not include title and tag fees, which are necessary expenses when paying for Read more
Progressive Auto Policies ACV Sales Tax and Regulatory Fees Class Action
When an insurance determines the actual cash value (ACV) payout for a total-loss vehicle, what costs does this include? The complaint for this class action claims that Progressive Advanced Insurance Company and Progressive Specialty Insurance Company should include regulatory fees and sales taxes. Read more
Allstate Fire & Casualty Auto Insurance Vehicle Salvage Value Class Action
A number of class actions take issue with the figuring of the actual cash value (ACV) of totaled vehicles by insurance companies. This one does too, but with a twist. It brings suit against Allstate Fire & Casualty Insurance Company alleging that it does not consider the post-loss salvage value of the totaled vehicle. Read more
USAA Casualty Insurance Labor Depreciation in Tennessee, Mississippi Class Action
This is one of a number of recent class actions taking issue with how insurance companies calculate payments owed for losses. The complaint for this class action alleges that USAA Casualty Insurance Company (UCIC) improperly calculates the amount due to its policyholders by depreciating labor costs. Read more
State Auto Insurance Vehicles’ Actual Cash Value Arkansas Class Action
This is one of a number of class actions brought recently against insurance companies for their methods of figuring the actual cash value (ACV) of a vehicle when it is totaled in an accident. The complaint alleges that, in the event of a total loss, State Automobile Mutual Insurance Company and its subsidiary, Meridian Security Read more