Tag Archives: Depreciation

Connecticut Supreme Court Reaffirms Court’s Limited Power To Review Appraisal Awards

The Connecticut Supreme Court recently handed down an important decision reiterating the high bar to overturning arbitration awards while, at the same time, clarifying a portion of the applicable statute providing for vacating an arbitration award as well as a prior ruling concerning the timing of payment of heldback depreciation. In Kellogg v. Middlesex Mutual … Continue Reading

Class Action on Depreciation of Labor on Property Insurance Claims: New Arkansas Supreme Court Decision

In a putative class action pending Arkansas federal court, a question of law was certified to the Arkansas Supreme Court regarding whether labor may be depreciated on property insurance claims, if the insurance policy does not define the term “actual cash value” (see my May 8, 2013 blog post on the federal court’s certification of … Continue Reading

Depreciation Class Action: Arkansas Federal Court Certifies Question to Arkansas Supreme Court

In August of 2012, we reported on a newly-filed class action in Arkansas federal court alleging that, in estimates on property insurance claims, application of depreciation to labor costs is improper (see my August 7, 2012 blog post).  As an update on this case, Chief Judge P.K. Holmes, III of the Western District of Arkansas … Continue Reading
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