State Farm Sued Over Vehicle Valuation Method

Law360, New York (October 3, 2012, 7:06 PM EDT) -- State Farm Mutual Automobile Insurance Co. was hit with a putative class action Tuesday alleging the insurer routinely shortchanges claimants on the diminished value of their vehicles by using a deceptive and unfair methodology.

A trio of Georgia consumers claim that State Farm's so-called 17c methodology for calculating an automobile's diminution of value following a collision dramatically underestimates the actual loss of value and results in underpayments estimated in amounts exceeding $1,000 per claim.

“This methodology is inherently unfair, grossly undervalues the amount of any diminished...
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Case Information

Case Title

Tiller et al v. State Farm Mutual Automobile Insurance Company et al

Case Number



Georgia Northern

Nature of Suit



Thomas W. Thrash, Jr

Date Filed

October 2, 2012

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