GEICO
GEICO Total-Loss Payouts Under Fire in Ohio Lawsuit
An Ohio class action claims GEICO used a hidden 'condition adjustment' to shrink actual cash value payouts on totaled cars.
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Case overview
What this settlement is about
A proposed class action in Ohio takes aim at how GEICO calculates payouts for totaled vehicles. The suit alleges the insurer relied on valuation reports from CCC Intelligent Solutions that applied a blanket 'condition adjustment' deduction, without ever inspecting comparable vehicles to justify it. According to the complaint, this practice pushed actual cash value payments below what policyholders were owed under both their policy terms and Ohio law.
