Pak v Farmers Group, Inc.

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Farmers Group Auto Insurance Policyholders in Nevada Certified As Class

Case ID: 3459

Amount At Issue: $2,000,000.00

Category: Automotive

Last Update: 12/29/2004

Country:

The class has been certified in an action filed against insurance company Farmers Group, Inc., on behalf of all Nevada automobile insurance policyholders of Farmers Insurance Exchange who submitted a first party claim for vehicle theft or property damage, whose vehicle was declared a total loss as valued by CCC Information Services, Inc., or its predecessor Certified Collateral Corporation, and who were paid the valuation amount by Farmers between August 5, 1992, and March 31, 2004. Persons eligible to take part in the action should contact the attorneys for the class for more information.

This lawsuit alleges that Farmers Insurance Exchange (a subsidiary of Farmers Group) uses valuations provided by CCC to adjust and settle first party total loss claims improperly, contrary to the provisions of the Farmers Insurance Exchange insurance policy and the Nevada insurance regulation governing automobile total loss valuation, NAC 686A.680. This lawsuit alleges that, throughout the class period, the payment of total loss claims by Farmers Insurance Exchange based upon improper CCC valuations resulted in under-valuation of such claims. The action seeks compensatory damages that will bring the total loss payments up to their proper amounts.

For the purpose of this class definition, a claim was paid on the basis of a CCC valuation if it was paid using a valuation equal to either a valuation supplied by CCC for that claim or any documented adjustment to a valuation supplied by CCC for that claim. Any total loss claim that was the subject of a separate legal action against Farmers Group, Inc., and/or Farmers Insurance Exchange asserting fraud, bad faith or breach of contract in connection with the adjustment or settlement of that claim is excluded from class membership.

Persons who have questions about the action should contact the class administrator at:

Pak v. Farmers Group, Inc., et al.
c/o Gilardi & Co. Class Administrator
P.O. Box 8060
San Rafael, California 94912-8060

The case scheduled for trial on March 14, 2005.

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