fbpx

Liberty Mutual Fire Insurance Manipulation of Xactimate Class Action

This class action, brought against Liberty Mutual Fire Insurance Company, concerns the calculation of actual cash value (ACV) for structural damage to buildings. The complaint alleges that, when figuring ACV payments for claims, Liberty Mutual subtracts depreciation from labor costs, when it should not.  Read more

Liberty Mutual Insurance Logo

State Farm Fire and Casualty Depreciation of Labor Alabama Settlement

State Farm Fire and Casualty Company is settling a class action that challenged its depreciation of estimated costs of labor and other non-material costs for the repair or replacement of damaged structures that were subtracted from its actual cash value (ACV) payouts to Alabama policyholders. The complaint alleged the company had breached their policies and  Read more

State Farm Name and Three-Oval Logo

Erie Insurance Nonmaterial Depreciation Ohio Settlement

Erie Insurance Company and Erie Insurance Exchange are settling a class action alleging that they improperly subtracted depreciation from costs of labor and other nonmaterial items on some homeowners’ insurance claims in Ohio.  Read more

Erie Insurance Logo

GuideOne Mutual Depreciation of Future Labor Class Action

When an insurance company figures the actual cash value (ACV) of a building that must be repaired or replaced, does depreciation apply to the full price of the building? The complaint for this class action takes issue with the practice of GuideOne Mutual Insurance Company in allegedly depreciating labor in the calculation of its payouts.  Read more

GuideOne Logo

Liberty Mutual Personal Insurance Depreciation of Labor Texas Class Action

This class action brings suit against Liberty Mutual Personal Insurance Company (LMPIC), alleging that in calculating actual cash value (ACV) for damage to property, it should not depreciate labor costs. The complaint is careful to state that it is objecting to the depreciation of “future labor, yet to be incurred…”  Read more

Liberty Torch Logo

West Bend Mutual Improper Depreciation of Labor Class Action

When an insurance company calculates a payout for property damage, what part of the replacement value gets depreciated? The complaint for this class action alleges that West Bend Mutual Insurance Company improperly depreciates the cost of labor for replacing or restoring the property, even though labor does not depreciate.  Read more

West Bend Mutual Insurance Company Building

Cincinnati Insurance Company Depreciation of Labor in Payouts Class Action

Can an insurance company calculating a payout for property damage depreciate labor costs? This class action brings suit against the Cincinnati Insurance Company alleging that it should not have depreciated labor in its calculations of payouts for damage to insured properties.  Read more

Cincinnati Insurance Bridge Logo

Society Insurance Improper Depreciation of Labor IL, TN, WI Class Action

When an insurance company calculates a payout for damage to an insured property, the calculation can be made in different ways. This class action takes issue with the calculations of Society Insurance, A Mutual Company, alleging that, in determining the actual cash value (ACV) of a loss, it improperly depreciates labor costs.  Read more

Society Insurance Sign and Building

Frankenmuth “Replacement Cost Less Depreciation” Calculations Class Action

Frankenmuth Mutual Insurance Company offers policies for property insurance. When Frankenmuth calculates the actual cash value (ACV) of losses in certain states, it uses a “replacement cost less depreciation” method. The complaint for this class action alleges that Frankenmuth, in calculating payouts, improperly depreciates labor.  Read more

Frankenmuth Insurance Building

Auto-Owners Insurance Claims Depreciation of Labor Multi-State Class Action

When an insurance company calculates a payout for property damage, it may take the cost of a new equivalent structure, then subtract depreciation. But can depreciation be subtracted from labor costs? In certain states, or under certain policies, it cannot, claims the complaint for this class action. It brings suit against Auto-Owners Insurance Company, claiming  Read more

Auto-Owners Insurance Logo