The case focuses on State Farm’s use of the “Typical Negotiation Adjustment” (TNA) when determining the actual cash value of totaled vehicles for Tennessee policyholders. State Farm relied on valuations from Audatex, a third-party company, and applied the TNA to reduce payouts based on the assumption that buyers typically negotiate lower prices than those advertised.
State Farm faces class action over auto claims payouts in Tennessee
- Niki Wilson
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