Insurance Companies Sued Over Pandemic Rates

Feb. 25, 2021
The class action suits filed this week allege 10 major insurers overcharged customers during the COVID-19 pandemic.

Feb. 25, 2021—Class action lawsuits were filed this week in Nevada against major car insurance companies, alleging they overcharged customers during the pandemic while driving and crashes were down.

The Associated Press reports the suits, filed on behalf of Nevada insurance customers, are against State Farm, USAA, Geico, Acuity, Liberty Mutual, Farmers, Progressive, Travelers, Nationwide, and Allstate.

The AP report says the lawsuits note that insurers offered discounts to customers during the pandemic, though such discounts did not offer “any meaningful relief that actually reflects the reduction in cars on the road and reduced driving during the pandemic,” as stated in the court filings.

State Farm issued a statement regarding the suit, as reported by the AP, “The filing of a lawsuit does not substantiate the allegations within the complaint. We’ve recently learned about the filing, and it is premature to comment at this time.”

Sponsored Recommendations

Best Body Shop and the 360-Degree-Concept

Spanesi ‘360-Degree-Concept’ Enables Kansas Body Shop to Complete High-Quality Repairs

How Fender Bender Operator of the Year, Morrow Collision Center, Achieves Their Spot-On Measurements

Learn how Fender Bender Operator of the Year, Morrison Collision Center, equipped their new collision facility with “sleek and modern” equipment and tools from Spanesi Americas...

Maximizing Throughput & Profit in Your Body Shop with a Side-Load System

Years of technological advancements and the development of efficiency boosting equipment have drastically changed the way body shops operate. In this free guide from GFS, learn...

ADAS Applications: What They Are & What They Do

Learn how ADAS utilizes sensors such as radar, sonar, lidar and cameras to perceive the world around the vehicle, and either provide critical information to the driver or take...