Nevada drivers sue insurance companies over pandemic rates

Nevada drivers sue insurance companies over pandemic rates

Class-action lawsuits filed Tuesday accuse auto insurance companies of failing to reduce premiums sufficiently for Nevada policyholders during the pandemic. Ten class-action lawsuits filed Tuesday accuse auto insurance companies of failing to reduce premiums sufficiently for Nevada policyholders as traffic declined during the pandemic. “With fewer people driving fewer miles, there are fewer automobile accidents and, therefore, fewer automobile insurance claims,” the suits state. “The COVID-19 pandemic has thus led to a dramatic reduction in automobile insurance claims by Nevada residents.” In the early part of Gov. Steve Sisolak’s stay-at-home order last year, statewide traffic volumes dwindled to as much as 70 percent in some areas compared with the same period a year prior. Yet insurance companies did not “provide and charge a fair and appropriate insurance premium,” according to the complaints filed by the Las Vegas firm Eglet Adams and Reno trial attorney Matthew Sharp. “There’s very little risk, or much less risk now than there was before COVID,” attorney Robert Eglet told the Las Vegas Review-Journal on Tuesday. “So they’re making record profits on the backs of Nevada …
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