GEICO Indemnity Co. agreed to settle a class action for allegedly violating Georgia tax policy that resulted in underpaying its policyholders for damaged vehicles that cost more to repair than replace.
Details of the pending settlement, awaiting approval from the US District Court for the Middle District of Georgia, have not been publicly released. Jacob Phillips of Normand PLLC, a representative for the plaintiffs, cited “confidentiality provisions” in the settlement agreement and declined to comment Thursday.
“The parties reached a class settlement at the mediation, but settlement documents must be drafted and finalized,” according to a Tuesday filing.
The ...
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