What is this lawsuit about?

Plaintiffs allege that Defendants GEICO Indemnity Company, Government Employees Insurance Company, and GEICO General Insurance Company (collectively, “GEICO”) breached their contracts (Automobile Insurance Policies) by failing to fully pay Plaintiffs and other Georgia insureds who submitted physical damage claims for their vehicles during the Class Period, and which resulted in a Total Loss Claim Payment. Specifically, Plaintiffs allege that GEICO failed to properly calculate and pay Title Ad Valorem Tax (“TAVT”). GEICO maintains that it complied with the terms of the Automobile Insurance Policies and applicable law and deny that they acted wrongfully or unlawfully and continue to deny all material allegations.

How do I know if I am part of the Settlement Class?

You are a member of the Settlement Class if you were a Georgia policyholder and insured by GEICO or one of its affiliates and had a covered total loss auto claim during the period April 29, 2014 through December 31, 2019 that resulted in a total loss payment by GEICO and the total loss payment did not include a full payment for TAVT.  TAVT is determined by applying the applicable TAVT percentage rate to the fair market value of the Total Loss Vehicle set by the DOR for TAVT at the time of the loss.

If you received the Notice, it is because GEICO’s records indicate you may be a member of the Settlement Class.

What does the Settlement provide?

As a part of the Settlement, GEICO has agreed, upon Court approval, to pay Settlement Class Members making a claim who were not previously paid full TAVT on their total loss, TAVT at the applicable statutory rate based on the fair market value of the total loss vehicle as set by the Georgia Department of Revenue (“DOR”) on the date of the loss minus the amount in TAVT GEICO paid on the total loss claim.

For more information, please see FAQ 3.