SAN ANTONIO, Texas — The use of appraisals to resolve insurance claims disputes is the new normal, even though insurers...
actual cash value News
With just two days left in the 2022 Florida legislative session, a comprehensive property insurance reform bill appears to be...
A federal appellate court has cleared the way for a class-action lawsuit to proceed against State Farm Fire and Casualty...
A federal appellate court has cleared the way for a class-action lawsuit to proceed against State Farm Fire and Casualty...
Ohio law does not allow Allstate to include labor costs when calculating the amount of depreciation for a property damage...
An insurer whose policy covers the “actual cash value” of a property may deduct for depreciation of labor costs when...
Standard homeowner policies pay personal property claims at actual cash value (ACV), which is the replacement cost (RC) of the...
An insurer can’t depreciate labor in calculating the actual cash value (ACV) of an insured property in the event of...
Approximately 12 to 14 percent of all accidents result in a total loss, a number which has been trending upward...
“I don’t know how to put this, but I’m kind of a big deal.” – Ron Burgundy, Anchorman: The Legend...