One case entails auto claims adjusters
GEICO is to shell out round $8 million to settle with auto claims adjusters and policyholders in two separate circumstances.
Within the case involving auto claims adjusters, the Berkshire Hathaway subsidiary was accused of wage and hour legal guidelines violations. Lodged by each former and present colleagues in Maryland and New York, the complaints had been refuted by GEICO, claiming that the supposed time beyond regulation hours weren’t logged on the adjusters’ time playing cards.
In keeping with Bloomberg Regulation, the $6 million settlement was accepted by Choose George L. Russell III earlier this week.
In the meantime, in a separate growth, policyholders of the insurance coverage big have sought preliminary approval for a $1.9 million settlement. The New Jersey case options allegations that GEICO did not pay title or registration switch charges upon the full lack of insured automobiles.
The information comes after Progressive Insurance agreed to a $48 million settlement with New York drivers. In Progressive’s case, a category motion lawsuit alleged that the corporate systematically undervalued claims made by the motorists whose automobiles had been totaled.
In keeping with the declare, the insurer supposedly employed third-party software program that undervalued the pre-accident gross sales worth of the automobiles to scale back payout quantities. Progressive agreed to settle however denied any wrongdoing.
In June, GEICO additionally made headlines after settling a case involving former WWE star Tammy Lynn Sytch, beforehand often known as ‘Sunny’ within the wrestling group.
As reported, the lawsuit was amended in July 2023 to drop Sytch and ex-fiancé James Pente, leaving GEICO as the only defendant within the case. A discover was filed in June 2024 that the 2 sides had reached a settlement deal for an undisclosed quantity.
Sytch, in the meantime, is in jail till November, 2039, following the dying of Julian Lasseter within the crash.
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