State Farm class action lawsuit overview:
- Who: James Goode filed a class action lawsuit against State Farm Mutual Insurance Co.
- Why: Goode claims State Farm violates Alabama law by artificially reducing the retail cost of comparable vehicles used in the calculation of total loss claim payments.
- Where: The class action lawsuit was filed in Alabama federal court.
A new class action lawsuit alleges State Farm artificially reduces the retail cost of comparable vehicles used in the calculation of total loss claim payments in violation of Alabama law.
Plaintiff James Goode claims State Farm, instead of using the retail cost of comparable vehicles, uses a total loss valuation methodology which “systematically reduces” the retail cost of comparable vehicles.
Goode argues State Farm uses software designed and licensed by CCC Information Services IC. to manipulate data to underpay total loss claims…