Katelyn Mae Desrosiers | Butler Weihmuller Katz Craig LLP | December 10, 2015 When insurers dispute coverage, rather than the amount of loss, a court is the appropriate decision maker to resolve the coverage issue. However, when an insurer finds coverage, but disputes the amount of loss, appraisal is the appropriate venue to determine a… Continue reading Courts are for Coverage; Appraisals are for Amount
Tag: Appraisal
Do I Have To Complete The Appraisal Process Before Filing A Lawsuit Over The Claim?
Shaun Marker | Property Insurance Coverage Law Blog | December 15, 2015 Your first reaction to the question in the heading of this article might be an easy and obvious “Yes.” But you might want to reconsider after reading a recent case from Florida’s Fourth District Court of Appeal.1 The case involves a claim from… Continue reading Do I Have To Complete The Appraisal Process Before Filing A Lawsuit Over The Claim?
Avoiding Gamesmanship in Appointing Appraisal Umpires
G. Brian Odom | Zelle Hofmann | November 24, 2015 Appraisal has long been utilized as a tool for resolution of disputes over the amount of loss at issue in property insurance claims. Unfortunately, the appraisal process has devolved in recent years. What was once considered an efficient means of resolving insurance claims is now… Continue reading Avoiding Gamesmanship in Appointing Appraisal Umpires
Depreciation of Labor Class Action — Minnesota Supreme Court Oral Argument
Wystan Ackerman | Robinson & Cole | November 8, 2015 I’ve been following closely a series of class actions around the country alleging that, in calculating the “actual cash value” of property damage under a homeowners or commercial property insurance policy, insurance companies should not be applying depreciation to the labor component of the replacement… Continue reading Depreciation of Labor Class Action — Minnesota Supreme Court Oral Argument
Insurance and Banking Subcommittee Votes in Favor of Regulating Umpires and Appraisers
Nicole Vinson | Property Insurance Coverage Law Blog | November 7, 2015 Florida lawmakers are being asked to license property insurance umpire and appraisers. While it is uncertain whether House Bill 79 will pass and become the law of the State of Florida, the insurance and banking committee voted 10 to 3 to let the… Continue reading Insurance and Banking Subcommittee Votes in Favor of Regulating Umpires and Appraisers