Property Insurance Diminution in Value Class Action: Georgia Federal Court Dismisses Declaratory Judgment Claim

By | Class Actions Insider | February 2, 2016

A while back, I wrote about a Georgia Supreme Court decision, Royal Capital Development LLC v. Maryland Casualty Co., that held that diminution in value of real property is potentially covered under a property insurance policy, in addition to the costs of repairs (see my June 6, 2012 blog post).

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Sonic Booms: Are Damages to Your Home Covered Under an “All Risk” Insurance Policy?

Sonic Booms: Are Damages to Your Home Covered Under an “All Risk” Insurance Policy?

The Jersey Shore has more to deal with than just hurricanes and blizzards. On January 28, many residents in New Jersey, New York, and Connecticut called 911 reporting an earthquake, only to learn that a naval aircraft testing over the Atlantic Ocean broke the sound barrier, causing a sonic boom.

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Calculating Actual Cash Value, Part 17: Ohio

Calculating Actual Cash Value, Part 17: Ohio

The test for calculation of actual cash value in Ohio is Replacement Cost Minus Depreciation.
In Paterson-Leitch Co. v. Insurance Company of North America,1 the issue was whether the loss arising from fire damage to three buildings should be measured by replacement cost minus depreciation, or whether a demolition contract entered into by the policyholder should alter the analysis.

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