Insurance
Auto-Owners (Mutual) Depreciation of Labor MO and WI Class Action
Auto-Owners (Mutual) Insurance Company also sells property coverage policies for residential and commercial buildings. But the complaint for this class action alleges that Auto-Owners regularly pays policyholders in Missouri and Wisconsin less than they should get for damage to structures using the “replacement cost less depreciation” methodology, because it deducts depreciation on non-material things like Read more
USAA Total Losses Sales Tax Ohio Settlement
This settlement resolves a class action against United Services Automobile Association, USAA Casualty Insurance Company, USAA General Indemnity Company, and Garrison Property and Casualty Insurance Company, alleging they breached their auto insurance policies in Ohio by failing to pay all money due when Ohio insureds suffered total losses. The complaint alleged the companies improperly paid Read more
State Auto Nonmaterial Depreciation IL, KY, MS, OH, TN Settlement
This settlement resolves a class action about underpaid claims against State Auto Property and Casualty Company, State Automobile Mutual Insurance Company, State Auto Insurance Company of Ohio, Milbank Insurance Company, and Meridian Security Insurance Company. The complaint alleged that the companies improperly deducted nonmaterial depreciation from structural loss claims for properties in Illinois, Kentucky, Mississippi, Read more
Travelers Property Casualty Stacking of UM/UIM Coverages Arizona Class Action
This class action, against Travelers Property Casualty Insurance Company, is about stacking uninsured and underinsured (UM/UIM) motor vehicle accident claims under Arizona law. The complaint alleges that Travelers was obliged to permit stacked UM/UIM coverage, because it did not do what it was required to do to avoid it. Read more
Geico Total Loss Actual Cash Value Taxes California Settlement
This settlement resolves a class action against GEICO General Insurance Company, Government Employees Insurance Company, GEICO Casualty Company, and GEICO Indemnity Company. The complaints alleged that the companies breached their contracts by failing to pay the full actual cash value on first-party, total-loss vehicle claims to California insureds who submitted physical damage claims during the Read more
Columbus Life Insurance Cost of Insurance Basis Class Action
With certain life insurance policies, the insurance company subtracts certain charges from an account value to pay for the policy each month. The complaint for this class action alleges that Columbus Life Insurance Company has for several years deducted too much from its customers’ account values, in breach of the terms of the policy. Read more
Progressive Universal “Projected Sold Adjustments” Nebraska Class Action
When a vehicle is totaled in an accident, the insurance company must calculate the vehicle’s actual cash value (ACV) in order to determine the payout. The complaint for this class action alleges that Progressive Universal Insurance Company “systematically thumbs the scale” in its own favor by applying something called a Projected Sold Adjustment that the Read more
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
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
Anthem Denial of Claims for Prosthesis Settlement
Anthem, Inc. and Anthem UM Services, Inc. are settling a class action alleging that the companies or an Anthem subsidiary improperly denied claims relating to certain prostheses. The complaint alleged that the companies denied pre-authorization requests and post-service claims for microprocessor-controlled knee or foot-ankle prostheses as being “investigational” and “not medically necessary.” Anthem has now Read more