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Impact on USAA and Progressive Stock Prices Post-Lawsuit Verdict
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Resolution / Starting Odds
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Story
California Prosecutor Sues USAA, Progressive Over Lowball Offers for Totaled Cars
May 13, 2024, 03:14 PM
A civil lawsuit has been filed in Alameda Superior Court by a California prosecutor against USAA and Progressive Corp., alleging that the companies engaged in a scheme to defraud customers by making unfairly low compensation offers for vehicles totaled in accidents. The lawsuit, dated April 26, accuses the companies of violating state laws against unfair competition and false advertising, and seeks civil penalties and restitution for affected customers.
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