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Article: Allstate wins diminished value ruling in Illinois
- Article from:
- Automotive Body Repair News
- Article date:
- July 1, 2004
- Author:
CopyrightCopyright Advanstar Communications, Inc. Jul 2004. Provided by ProQuest LLC. (Hide copyright information)
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Failed class-action suit asked for $300 million for plaintiffs in 29 states
An Illinois jury agreed that Allstate did not have to make up the value a claimants vehicle lost as a result of an accident. The $300 million diminished value class-action suit involved 387,000 plaintifB from 29 states.
On April 29, a jury at the Circuit Court for the 20th judicial District in St. Clair County, Belleville, 111., agreed that Allstate does not owe policyholders for the diminished value of their damaged vehicles. The class-action suit, Sims vs. Allstate, evolved from a suit filed by an East St. Louis (located in St. Clair County), 111., couple after their 1994 Toyota pickup truck was damaged in two ...