- January 16 2017
- | Insurance
We handled a large class action against a well-known insurance company that had miscalculated total loss payments on a totaled vehicles. The case involved whether or not that insurer was paying its insureds the right amount of money when it paid out money for a total loss.
Our contention in the lawsuit was that they were undervaluing the clients’ vehicles by hundreds of dollars and also slow-paying the claims by 30 or 40 days. The individuals in this particular class, in this car-centric country we live in, needed their vehicles, so they were willing to accept a lower than reasonable payment and not fight with the insurance company.
As a result, the insurance company saved itself millions of dollars that should have gone to the injured parties.