A Madison County, Ill., judge has certified a class-action lawsuit on behalf of 30,000 Geico Corp. policyholders on the direct insurer’s use of aftermarket parts to fix damaged vehicles.
The Alliance of American Insurers’ claims director Kirk Hansen said the certification could have a “chilling effect throughout the country on the use of aftermarket auto parts.”
Hansen said in a statement that original manufacturers’ equipment (OEM) costs an average of 60 percent more than aftermarket parts “of equal quality.”
Madison County is notorious for its friendliness to big class-action judgments.
Topics Lawsuits Legislation Illinois
Was this article valuable?
Here are more articles you may enjoy.
‘Most Successful’ Hole-in-One Prize Insurance Operator Pleads Guilty to Fraud
The Big Data/AI ‘Revolution’ Is Driving Up Verdicts, Settlements as Plaintiffs Buy In
Ford to Recall About 223,500 Vehicles Over Fuel Tank Issues
New York Law Confirms Insurer Liability for Bad Faith Includes Third-Party Claims 

