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Six racketeering suits, including three proposed class actions, are accusing insurance companies of conspiring with valuation service CCC Information Services to underestimate the value of damaged vehicles. Allstate and State Farm are among the defendants. The suits claim CCC works hand-in-hand with insurers in a conspiracy to undervalue total-loss vehicles, thereby saving insurance companies money.
August 16, 2000 at 12:00 AM
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The original version of this story was published on Law.Com
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