Total Loss Undervaluation Lawsuit Filed Against State Farm in North Carolina
A class action lawsuit has been filed against State Farm in North Carolina by a policyholder, similar to complaints in six other states, alleging undervaluation of total loss.
Plaintiff Craig Brewer's case claims that State Farm reduced his total loss payout by 5.5% by lowering the retail cost of comparable vehicles.
The suit alleges that for each class member, State Farm reduced total loss payouts by 4-9%.
[T]he plaintiff only contests State Farm’s blanket reduction of the retail cost of comparable vehicles on behalf of himself and the class.
According to the suit, this means that none of the total loss vehicles need to be revalued.
Author's summary: State Farm faces lawsuit over undervalued total loss payouts.
- Lawsuit filed in North Carolina.
- Similar complaints in six other states.
- Alleged undervaluation of total loss.
More News
- Nasdaq Futures Climb 100 Points as Big Earnings Approach - Schaeffer's Investment Research
- West London level crossing revamp to bring journey changes over October half-term
- AWS DNS Failure Shuts Down Alexa, Fortnite, ChatGPT, PlayStation Network, and More
- WAFCON Qualifier: Oshoala, Omewa, seven others arrive camp
- 75% of Amazon's Code Now AI-Generated? Musk Mocks After AWS Outage
- Christian Animated Kids TV Show Climbs Amazon Prime Video Charts
- Auburn volleyball drop third straight, swept in tight match at Tennessee - The Auburn Plainsman
- Acadia Pharmaceuticals’ CEO on rebranding, using AI as a small biotech
- ICC dismisses Israel's appeal against arrest warrants for Netanyahu, Gallant
- Should public service managers get bonuses in a time of cuts?