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Sarasota, Florida 941-954-1234
Bradenton, Florida 941-752-7200
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The lawyers of Goldman Babboni Fernandez & Walsh have more than 100 years of combined Florida legal experience in personal injury, wrongful death and negligence cases. David Goldman, and Michael Babboni have each represented accident victims throughout Florida for over twenty years. Ber…

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Insurance Blog Post

Auto Insurers See Lawsuits Over Pandemic Rates

A number of major auto insurance companies are defendants in a series of class action lawsuits filed in Nevada. The lawsuits allege the companies charged excessive rates for insurance premiums during the pandemic because they did not factor in the significant decline in driving and crashes.

About the lawsuits

The lawsuits were filed in Nevada courts on behalf of insurance customers of State Farm, Geico, USAA, Liberty Mutual, Acuity, Progressive, Travelers, Nationwide, Farmers and Allstate. They allege these insurers violated state laws against excessive premiums.

In addition to the complaints over the excessive rates, the lawsuits were critical of some of the few discounts major insurers did provide. There were some insurers that offered some discounts over drops in accidents and claims and for lower driving amounts, but that the discounts failed to provide “any meaningful relief” to accurately reflect those changing circumstances on the roads.

Discounts provided by insurers over pandemic driving conditions varied. Examples included a $50 or $100 one-time refund, a two-month reduction of bills by 25 percent, and a 15 percent credit when renewing a policy between a specific time. A representative from the lead counsel for the lawsuit said rates should have been cut by at least 50 percent, given the circumstances on American roadways.

While this particular lawsuit is working its way through Nevada courts, it is still an example of how customers can be proactive about holding their insurance companies accountable for fulfilling their responsibilities. This is true for everything from providing fair rates to compensating accident victims fairly for their losses.

For more information about dealing with insurance companies during your case, contact a trusted Bradenton, FL personal injury attorney at Goldman, Babboni, Fernandez & Walsh.

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Goldman Babboni Fernandez & Walsh
3550 S. Tamiami Trail, 3rd Floor
Sarasota, Florida, 34239 USA
941-954-1234