Total Loss Undervaluation Lawsuit Filed Against State Farm in North Carolina
A class action lawsuit has been filed against State Farm in North Carolina, alleging the insurance company undervalued total losses.
A similar complaint has been filed in six other states, with plaintiff Craig Brewer claiming State Farm reduced his total loss payout by 5.5% due to an alleged reduction in 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. Therefore, none of the total loss vehicles have to be revalued.
Author's Note: State Farm faces lawsuit over total loss undervaluation claims.
More News
- Gate City's Mac McClung to begin 5th pro season with G League's Windy City Bulls
- Major Shake-Up at U.S. Immigration and Customs Enforcement as Agency Leadership Overhauled
- OpenAI completes for-profit shift, gives Microsoft 27% stake
- Government Shutdown Deepens: Senate Vote Fails For 13th Time As Food, Pay Crisis Loom
- Dear ASEAN Leaders: Trumpism Is Not A Temporary Phenomenon. Here’s Why?
- “No Faux King Way”: ‘No Kings’ Protesters Fighting Against Trumpism And White Christian Nationalists - Black Star News
- Kieran McKenna Linked with Celtic Job
- Pakistan vs South Africa, 1st T20I – Reeza Hendricks shines as South Africa secure 55-run win
- Celebration Marks Completion of Tributary Restoration at Key Klamath River Sites
- CareYourWay reaches final in West Country Women Awards