Weyant v. Tennessee Farmers Mutual Insurance Company

A Settlement has been reached in a class action lawsuit against Defendant Tennessee Farmers Mutual Insurance Company (“TFMIC” or “Defendant”). The class action lawsuit alleges TFMIC or “Defendant”, breached its insurance policies with its insureds that submitted first party insurance claims on automobiles deemed to be a total loss by settling such claims for less than the actual cash value of the vehicles because the settlement of such claims involved the utilization of an Autosource Report that applied a Typical Negotiation Adjustment to at least one comparable vehicle to assist TFMIC and its insureds in agreeing upon the actual cash value of the insureds’ total loss vehicles as of the time of the loss. TFMIC denies that it breached its contractual duty to pay actual cash value, violated any law, and/or owes any liability. TFMIC also defends based on the fact that most of its insureds, at the time they settled their first party total loss claims, executed written release agreements that release and discharge any further claims against TFMIC related to the underlying event that gave rise to the total loss claim and/or related to your underlying policy of insurance under which it was settled. Notwithstanding the foregoing, to avoid the uncertainties and expenses associated with continuing the case, the Parties have agreed to settle this dispute and certify a class for settlement purposes in exchange for dismissal of the lawsuit and a complete release of all claims that were or could have been brought related in any way to the matters in dispute in the lawsuit.

You are included in the Settlement Class if you are a person who made a first party insurance claim on an automobile deemed to be a total loss under a policy of insurance issued by TFMIC where the claim was submitted from September 26, 2017, through April 7, 2026 and where the settlement of such claim involved the utilization of an Autosource Report that applied a Typical Negotiation Adjustment to at least one comparable vehicle to assist TFMIC and you in agreeing upon the actual cash value of your total loss vehicle as of the time of the loss. 

Persons included in the Settlement will be eligible to receive a cash payment pro rata portion of the Net Settlement Fund. Payments to Settlement Class Members will come by check unless you elect to receive payment electronically by Venmo, Zelle, PayPal, electronic funds transfer etc. via this Settlement Website by clicking the "E-Payment Election" button on the home page.

Read this Settlement Website carefully. It explains your rights and options—and the deadlines to exercise them. Your legal rights are affected whether you act, or do not act.