fbpx
Thursday, 25 February 2021 19:35

Nevada Lawsuits Filed Against Auto Insurers Over Rates in Pandemic

Written by Michelle L. Price, Insurance Journal

Share This:

 

Class action lawsuits were filed in Nevada against 10 major auto insurance companies, contending that the companies charged excessive insurance premiums during the pandemic by failing to account for a drop in driving and crashes.

The lawsuits acknowledge some insurers provided discounts over the emptier roads and drop in accidents and claims, but the discounts did not offer “any meaningful relief that actually reflects the reduction in cars on the road and reduced driving during the pandemic,” according to the court filings.

 

The rates that were charged violate state law against excessive premiums, the lawsuits contend.

 

The lawsuits were filed on behalf of Nevada insurance customers against State Farm, USAA, GEICO, Acuity, Liberty Mutual, Farmers, Progressive, Travelers, Nationwide and Allstate.

 

To read more, see Insurance Journal.

Read 199 times