A wave of class action lawsuits are being filed in the Georgia court systems as consumers react in the aftermath of the decision by the state’s Supreme Court in 2001 that ruled insurers must consider diminished value (DV) in first-party claims by policyholders, and is raising concerns that insurers have lowered the total-loss threshold because they must pay out additional compensation. And if more vehicles are totaled, that means there are fewer vehicles for autobody shops to repair.
Posted by Editor at October 14, 2003 10:57 AM