Joe Forward | State Bar of Wisconsin | December 28, 2015 A bank is liable for a misrepresentation that induced a homebuyer to buy a foreclosure home with undisclosed water and mold damage, even though the sale contract said the buyer was purchasing the home “as is,” a state appeals court has ruled. In 2012, Bank… Continue reading Despite “As Is” Clause, Homebuyer Wins Misrepresentation Appeal Against Bank
Tag: Water Damage
Citizens Property Insurance Seeks Changes for Water Claims
Jim Turner | Miami Herald | December 9, 2015 The state-backed Citizens Property Insurance wants to change policy language in an attempt to stem the growth of water-damage claims the agency says are starting to spill out of South Florida. The Citizens Board of Governors on Wednesday unanimously agreed to move forward with the changes… Continue reading Citizens Property Insurance Seeks Changes for Water Claims
New Jersey Court Rejects Theory of Spoliation by Encouragement
Richard C. Bennett | Cozen O’Connor | November 24, 2015 Three years out, Superstorm Sandy litigation continues to wend its way through New Jersey’s courts. Last weekend, a federal judge in the state handed a victory to the insurer in Stiso v. State Farm Fire & Cas. Co., 2015 U.S. Dist. LEXIS 155762, 2015 WL 7296081… Continue reading New Jersey Court Rejects Theory of Spoliation by Encouragement
Florida Court Rejects Claim Replacement Of Undamaged Property Is Necessary For Aesthetic Uniformity
Dick Bennett | Cozen O’Connor | November 10, 2015 Late last week a federal court in Florida tossed a condominium association’s claims that it was entitled to replace undamaged hallway carpeting, wallpaper, baseboards, and woodwork in order to “achieve aesthetic uniformity” with similar hallway components replaced after water damage. In Great Amer. Ins. Co. v.… Continue reading Florida Court Rejects Claim Replacement Of Undamaged Property Is Necessary For Aesthetic Uniformity
The Importance of Flood Insurance for Property Damage Claims
October 19, 2015 Preliminary estimates of the damages due to the heavy flooding in South Carolina are believed to be over $1 billion. Unfortunately, many residential and commercial property owners in the impacted areas did not have flood insurance. In fact, some experts have put the number of people with flood insurance and damaged properties… Continue reading The Importance of Flood Insurance for Property Damage Claims