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Actual Cash Value

USAA Logo

This is one of a number of recent class actions taking issue with how insurance companies calculate payments owed for losses. The complaint for this class action alleges that USAA Casualty Insurance Company (UCIC) improperly calculates the amount due to its policyholders by depreciating labor costs.

Totaled Vehicle After Accident

This is one of a number of class actions brought recently against insurance companies for their methods of figuring the actual cash value (ACV) of a vehicle when it is totaled in an accident. The complaint alleges that, in the event of a total loss, State Automobile Mutual Insurance Company and its subsidiary, Meridian Security Insurance Co., make false adjustments to vehicle prices so they can pay their customers less than they should be getting.

Shelter Insurance Logo

The complaint for this class action alleges that Shelter Insurance Company does not use a valid method for determining the actual cash value (ACV) of a totaled vehicle, relying instead on something called a CCC One Market Valuation Report. 

Front End of Car After Crash

The complaint for this class action alleges that Progressive Northwestern Insurance Company violates Arkansas law in using a Mitchell Valuation Report to determine the actual cash value (ACV) of total-loss vehicles.

USAA Casualty Insuance Company Name and American Flag

When a vehicle is totaled, which of the costs to replace the vehicle should the insurance payout cover? The complaint for this class action alleges that USAA Casualty Insurance Company underpaid customers because it did not include state and local title transfer and vehicle registration fees, which are mandatory with new vehicles.

Geico Mascot Gecko

A number of persons have filed class actions against auto insurance companies in the past year or so on the subject of the actual cash value (ACV) of totaled vehicles. This is another such lawsuit, with the complaint alleging that Geico General Insurance Company does not include sales tax in its calculation of a vehicle’s ACV.

Totaled Vehicle Sitting Across Road

When an insurance company must pay the actual cash value (ACV) of a total-loss vehicle, what should that include? The complaint for this class action alleges that Imperial Fire and Casualty Insurance Company does not include amounts for sales tax or title and registration fees in calculating ACV. Its refusal to pay these amounts, the complaint says, is a breach of contract. 

Car Accident

How does an insurance company determine the actual cash value (ACV) when a vehicle is totaled in an accident? The complaint for this class action alleges that Trumbull Insurance Company uses improper methods to determine the ACV of vehicles, resulting in underpayments to its insureds.

Car Accident

This complaint alleges that the payment of actual cash value (ACV) for total losses in Florida must include amounts for title and tag transfer fees. It brings suit against Travelers Indemnity Company of Connecticut and Standard Fire Insurance Company, plus a long list of related companies. Defendant the Travelers Companies, Inc. is the parent company of all the other defendants, and the complaint claims that all of these others are required to have uniform policies and practices.

Pile of Binders, One Labeled Car Insurance

When an insurance company must pay the actual cash value (ACV) for a totaled vehicle, what should that figure include? And should it be different for leased and owned vehicles? The complaint for this class action alleges that Progressive American Insurance Company and Progressive Express Insurance Company should include title and registration transfer fees and should not omit sales taxes for leased vehicles.

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