Credit: kamiphotos/Adobe stock Trumbull Insurance Co. Hit With Class Action
"When defendant calculated plaintiffs' [actual cash value] benefits under the [policy], defendant withheld costs for both the materials and labor required to repair or replace the plaintiffs' residence as depreciation, even though labor does not depreciate in value over time," the complaint said. "Defendant withheld labor costs through its actual cash value calculations as depreciation."
February 09, 2023 at 04:54 PM
3 minute read
News
A putative class action was filed against Trumbull Insurance Co. in federal court in Connecticut. The plaintiffs claim that Trumbull withholds costs for materials and labor when calculating cash value payment as depreciation.
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