Alameda County has filed a civil lawsuit against multiple car insurance companies, including Progressive and USAA, for allegedly undervaluing totaled cars to pay owners less money than they are owed. The lawsuit, filed on April 26 in Alameda Superior Court, claims that these companies violated state laws prohibiting unfair competition and false advertising. The suit seeks civil penalties against the companies and restitution for their customers. A California prosecutor alleges that these insurers have carried out a scheme to defraud customers by making 'lowball' offers for vehicles totaled in accidents.
Why are many insurance companies cancelling SF policies outright? Not just raising rates which they would do if they anticipate increased claims. What do they know? Why isn't the CA AG speaking out/ protecting Californians?
Hayward-based technology company settles allegations it submitted false claims https://t.co/U0DuBufJ7C
A California prosecutor has filed a civil lawsuit against insurance companies USAA and Progressive Corp. alleging they have carried out a scheme to defraud customers by making “lowball” offers for vehicles totaled in accidents. https://t.co/Ch7Sk6tZ1H https://t.co/GI3M6UMcwz