96 results for 'cat:"Insurance" AND cat:"Property"'.
J. Frink Wolf grants an insurance company’s motion for reimbursement for money it spent towards quieting the title of a property sold by one of the property’s prior residents. The insurance company seeks $143,924.13, which is granted because it would likely receive a judgment of an equal or greater sum.
Court: USDC Maine, Judge: Frink Wolf, Filed On: June 19, 2023, Case #: 2:23cv26, NOS: Other Contract - Contract, Categories: insurance, property, Real Estate
J. Hallman awards the insureds $142,600 in attorney fees for their lawsuit alleging that the insurance company was obligated to pay the insureds $275,000 in structural benefits, $220,000 in personal property benefits and $50,000 in temporary living benefits after a fire damaged their homes. Although seven hours of an attorney's travel are omitted because his full rate of traveling a good portion of the state would be excessive, there is no evidence to suggest that the hours were otherwise duplicated or excessive. The attorneys' hourly rates are fair because they are in between the mean and 95th percentile for counsel of their qualifications.
Court: USDC Oregon, Judge: Hallman, Filed On: June 14, 2023, Case #: 2:22cv119, NOS: Insurance - Contract, Categories: insurance, property, Attorney Fees
J. Kelly finds a lower court properly ruled in favor of an insurance company on a diner's contract and implied covenant of good faith and fair dealing claims. The owner of the diner argued that the insurance company violated a policy by seeking subrogation reimbursement from two other insurers after a driver crashed his car into the establishment, which resulted in lost income. However, the owner of the diner did not suffer any damages when the insurance company sent a request to the driver's insurer, or for its failure to follow contracted procedures when it paid out damages for property damage and income losses. Affirmed.
Court: 8th Circuit, Judge: Kelly, Filed On: June 6, 2023, Case #: 21-2956, Categories: insurance, property
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Per curiam, the Florida Sixth District Court of Appeals finds that the trial court improperly ruled in favor of the insurance company in a property damage claim dispute. Based on the language of the policy, the company is required to pay the "actual cash value" of the damage, and the company had the burden to prove the amount of depreciation. Reversed.
Court: Florida Courts Of Appeal, Judge: Per curiam, Filed On: May 26, 2023, Case #: 6D23-118, Categories: insurance, property, Contract