NJ residents say insurers use blanket cut to cut payments

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” …

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
  • Create personalized alerts for specific case articles and topics and more!

TRY LAW360 FREE FOR SEVEN DAYS