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Consumer advocates are attacking an out-of-court settlement that State Farm obtained from 49 states, over thousands of rebuilt wrecks that it admittedly put back on the road without disclosing that they had been totaled in accidents. In return for releasing claims against State Farm, affected vehicle owners would receive roughly 25 percent book value of the rebuilt wrecks. But consumer advocates warn that owners could lose insurance coverage and loans on those vehicles.
November 16, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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