By Ganesh Setty (Dec. 16, 2021, 4:23 p.m. EST) – Two progressive units have systematically and fraudulently reduced claims on totaled vehicles by applying an arbitrary “projected sale adjustment” to their loss calculations, two Garden State residents said a New Jersey federal court.
Two New Jersey residents have told a federal court that some insurers have systematically and fraudulently reduced claim payments on aggregated vehicles by applying an arbitrary “projected sale adjustment” to their loss calculations. (Photo AP) According to the class action lawsuit proposed by Kristin Petri and Sherdon Green on Wednesday, Drive New Jersey and Progressive Garden State Insurance Cos. asked their third-party vendor Mitchell to apply the “deceptive and arbitrary” …
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