Ccc Valuescope & Usaa Conspiring to Defraud, Committing Rico Act Violations?

Accident Attorney Chicago - Ccc Valuescope & Usaa Conspiring to Defraud, Committing Rico Act Violations?

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I am filing a buyer complaint against Ccc Valuescope (Cccg) and my insurer Usaa for falsely alleging a fair "market value" of my automobile.

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My insurer Usaa has breached its duty to practice the utmost good faith to me its insured. By using Ccc Valuescope (a firm I pronounce violates the U.S. Federal Rico Act) Usaa has intentionally in case,granted me a low and fraudulent valuation of my automobile in hopes of obtaining an unreasonable and unfair settlement.

Ccc Valuescope (formerly known as Ccc data Services Group Inc - Cccg) can by no means be deemed a fair and store value of automobiles as Ccc Valuescope works exclusively for insurers and therefore has an economic interest to contribute valuations that are intentionally below the actual fair store value of what insured vehicles are truly worth.

It is known fact throughout the insurance manufactures that Ccc gathers its values from what car dealers would sell a car for at basement wholesale prices, not the true "retail value of an auto of like kind and quality prior to the accident" as mandated by Fl insurance regulations. Moreover Ccc Valuescope uses a mix of vehicles once leased, used, and abused among wrecked cars when compiling valuations to afford their insurance firm customers paying out total losses the lowest possible "values" to gift their insured.

Ironically, nearly every car in Ccc Valuescope's evaluation of my car article consisted of vehicles that had over 20 records indicative of issues such as accidents and faulty cars. Among the report, some cars had 28, 31, and 32 records.

Cutting costs and denying its insured "the utmost due care" historically can be documented against Usaa beginning with the class activity lawsuit against Usaa in Washington's King County (March 12, 1999) for compelling auto repair shops to use "imitation" parts in repairs, while simultaneously hiding this institution from policyholders. Beyond auto insurance, Usaa has countless complaints filed against it in 27 states across the country.

Ccc Valuescope is not independent in their valuations since they are a hired gun for the insurance companies! Upon conducting a Vin quest on the vehicles within the Ccc article 39813905, many cars had over 20 records indicative of numerous collisions, issues with the vehicle, and some changes of ownership. By relying upon Ccc's intentionally low valuation of my vehicle, Usaa is breaching its fiduciary duty to act in good faith in handling my claim. No fair and honest evaluation of my claim can be performed by Ccc as it is contracted by insurers for the former purpose of minimizing monies paid out by insurers to its fiduciaries. By using Ccc Valuescope, Usaa is clearly not exercising the "utmost due care" in the interest of me its insured as required by Baxter v. Royal Indemnity.

Ccc admitted itself in its Sec Filing on 3-16-2005 that "the firm sometimes pays a new customer for the remaining commitment of its former contract with third parties as an incentive". In regard to regulation, Ccc mentions in the same filing "in most states, however, there is no formal approval process for total loss valuation products". Ccc itself confesses in the same article "individual state departments of insurance have taken positions as to whether the use of Ccc Valuescope valuations is in compliancy with a states claim handling regulations".

"The firm is aware that since 2002 the California group of insurance has advised some of the Company's customers (which management estimates to be approximately 14% of the total wage earned in 2004 from the Company's Ccc Valuescope valuation product and service) that the group believed that their use of Ccc Valuescope had not been in compliancy with the California insurance regulations in result prior to October 4, 2004, with respect to positive components of the products methodology. The firm believes the product was in compliancy with the applicable California regulations."

"On April 24, 2003, the California group of insurance formally adopted new regulations that required the firm to convert its methodology for computing total loss valuations in California." There is good speculate therefore to believe Ccc Valuescope's valuation methodology is terribly flawed and skewed to favor its insurance firm customers.

In Ccc's every year article filed February 13, 2004 the legal proceedings and numerous class activity lawsuits against Ccc are documented in pages 35, 42, 43, and 44 of the 53 page report.

On page 35, Ccc Valuescope admits to setting aside .3 million as an evaluation towards possible community to "resolve possible claims arising out of approximately 30% of the transaction volume of Ccc Valuescope".

By acknowledging 30% of transaction volume becoming possible claims, Ccc Valuescope thereby makes it collective article that it anticipates a sizeable ration of lawsuits for unfair and fraudulent valuations. Such a high ration of transaction volume alone attests to the flawed methodology of Ccc's report, its unscrupulous dealings, and wholehearted commitment to protect the financial interests of the insurers it serves.

Ironically, four of Ccc Valuescope's automobile insurance firm customers have made contractual and, in some cases, also base law indemnification claims against Ccc for litigation costs, attorneys' fees, community payments and other costs assertedly incurred by them in relationship with litigation relating to their use of Ccc's flawed Total Loss valuation product.

Certainly the countless class activity lawsuits filed across the United States against Ccc Valuescape provides additional evidence regarding the grossly low and inaccurate valuations of vehicles they give the insurers they serve. Among the many are:

Ccc Settles Class activity Suit on Valuation of Total Loss Vehicles (July 15, 2005)

Chicago-based claims software-maker Ccc data Services Inc. Announced that it and 15 of its customers signed a community agreement with the plaintiffs in discrete class activity suits pending in Madison County, Ill. These consolidated suits, Case Nos. 01 L 157, et al., communicate to the valuation of vehicles that have been declared total losses by insurers.

Terms of the community agreement will wish Ccc to pay observation and management fees and other costs related with the settlement. The firm estimates that these costs will total about million, and including available insurance proceeds of .8 million, the firm is fully reserved for these payments. Other community costs, including claims by class members, will be paid by the insurance associates that are participating in the settlement.

August 23, 2000, a putative statewide class activity was filed in the Circuit Court for Hillsborough County, Fl, against Ccc and Usaa Casualty insurance firm (Peter Sintes et al. V. Usaa Casualty insurance firm and Ccc data Services, Inc., Case No. 00-006308). Plaintiffs pronounce that Usaa contracted with Ccc to contribute valuations of "total loss" vehicles and that Ccc supplied valuations that were intentionally below the actual fair store value of the insured vehicle.

Iinsurance associates "owe a duty to the insured to practice the utmost good faith." Baxter v. Royal Indemnity Company, 285 So.2d 652 (Fla. 1st Dca 1973).

Given the countless and ongoing class activity lawsuits against Ccc Valuescope there should now be no request that Ccc Valuescope is not independent in its auto valuations and is guilty of violating the U.S. Federal Rico Act and National insurance Regulations, along with many of the complicit insurance associates such as Usaa who willingly and knowingly use their product with the intent to deceive.

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