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Property Insurance Fair Market Value

Robinson+Cole Class Actions Insider

Depreciation of Labor Costs Class Action: Nebraska Supreme Court Rules In Favor of Insurer

I’ve regularly followed on my blog key developments in the numerous class actions against the insurance industry involving the application of depreciation to the labor cost component of estimated replacement cost value in...more

Foley & Lardner LLP

Appraisal of Insurance Losses and the “Actual” Definition of “Actual Cash Value”

Foley & Lardner LLP on

Imagine a devastating fire renders your rental property uninhabitable. You dig out your insurance policy and are relieved to find that you are insured up to the “actual cash value” of the building. But what exactly does this...more

Cozen O'Connor

Sixth Circuit Holds That Declines in Market Value are Not a Factor in Determining Actual Cash Value

Cozen O'Connor on

In a case of first impression in Michigan, the federal Court of Appeals determined last month that general market conditions could not be considered when calculating actual cash value. In Whitehouse Condominium Group, LLC v....more

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