Loss Settlement Values and Date of Loss

November 22, 2010

We are an Illinois public adjusting firm and have a loss with State Farm which took place in March of 2009. The loss is still being adjusted with their first offer of approximately $270,000.00 tendered in July of 2009. In September of 2010 they submitted another offer of approximately $326,000.00 plus code changes of about $40,000.00. All pricing is based on the original date of loss in March of 2009. We feel we are entitled to 2010 prices. Is there any precedent for this?

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