Oftentimes, third-party liability adjusters will refuse to pay the full amount of the “Repair Cost Value” (“RCV”) of the damages included in the subrogation demand, and contend that they only owe “Actual Cash Value” (“ACV”),...more
9/4/2020
/ Cash Value ,
Denial of Insurance Coverage ,
First-Party Coverage ,
Insurance Adjusters ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Property Damage ,
Property Insurance ,
Repairs ,
Subrogation ,
Third-Party Liability
Join us for this week's Thursday Tip as Partner Aaron Jacobs discusses the Made-Whole Rule in Subrogation law.
#ButlerLegal #ThursdayTips #ThursdayThoughts
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Insurance subrogation professionals face unique hurdles when a tortfeasor’s liability insurance limit is insufficient to pay the entirety of the subrogation claim and claims asserted by other parties. In other words,...more
The litigation ensuing from the catastrophic events of 9/11 highlighted the importance of addressing “Made Whole” considerations when evaluating subrogation claims. Butler’s Managing Partner, Scott Katz and Partner, Jessica...more
The trucking industry has experienced considerable growth in recent years. Trucking and transportation needs are expected to continue in the foreseeable future and this may lead to an increase in the volume of damaged cargo...more
There are many critical factors that must be considered when drafting or reviewing a proposed subrogation release. For example, many insurers are reluctant to agree to any indemnity, hold harmless, or confidentiality...more
Oftentimes, during the course of a subrogation claim, third-party liability adjusters will refuse to pay the full amount of the “Repair Cost Value” (“RCV”) of the damages demanded, and contend that they only owe “Actual Cash...more