Search results
Results From The WOW.Com Content Network
This formula originated in a Georgia claims case involving a State Farm diminished value claim, where it appeared in paragraph 17, section c (which is where it got its name).
In Michigan diminished value claims are limited to $3,000 maximum by the state's mini-tort legislation. There is no diminished value claims in the state of Michigan. The Mini-Tort legislation is for the uninsured portion, typically the deductible if insured, of the damages to the vehicle, up to a maximum of $3,000.
After car accidents, the right to claim diminution in value depends on the country or state [2] and who is at fault. [3]Major car rental companies do charge their renters for diminished value after accidents, unless the renter pays for a Damage waiver (Avis, [4] Budget, [5] National, [6] Thrifty [7]).
In 2002, the company settled with the State of Georgia in a class action lawsuit over diminished value claims brought by policyholders. [40] Five years later, the company apologized after it was revealed they hired private investigators to infiltrate a church group and pose as congregation members to collect information on litigants seeking ...
According to the industry's Insurance Information Institute, California’s insurers paid out $1.08 in claims and claims-related expenses for every dollar collected in premiums between 2013 and 2022.
In a survey of national claims handled by the state's leading home insurance companies, affiliates of Los Angeles-based Farmers Insurance topped the list, denying about 50% of claims for payment.
In Moeller v. Farmers Ins. Co. of Washington (2013), the company was alleged to have failed to comply with state law by not paying "diminished value," which is the loss in value suffered by certain insured vehicles even after they are repaired.
In a 2023 article for the Journal of Legal Analysis, Ben-Shahar argues that the potential privacy risks associated with auto insurance telematics don’t pose a serious legal problem — and that ...