appraisal News

The Case of the Fancy Diamond: Viewpoint

A brief history of Fancy diamonds Diamonds are considered the most desirable gemstone available in the jewelry market today – they come in all shapes and sizes, and are traditionally given for engagements, anniversaries, and special occasions. When you think …

Viewpoint: The Case of the Plush Dreams

It’s 1995 and you’re planning for the future. Maybe your dream is a comfortable retirement. Maybe it’s a college fund for your children. Maybe it’s something even more ambitious. While some turned their attention to real estate investments or Wall …

7th Circuit: Appraisal Should Have Ended Dispute Over Roof Replacement

When managers of the Villas at Winding Ridge in Indianapolis asked a contractor to assess the condition of the 33 roofs in the condominium complex, they learned that a hailstorm the year before had damaged soft metal parts, fascia and …

Appraisals, Breach of Contract and Bad Faith: Is There a Connection?

One of the axioms of Texas bad faith law has always been that there is no bad faith where a carrier has not breached its duties to the insured. If you act reasonably and make a mistake, it is not …

Minnesota High Court Blurs Line Between Coverage Determination and Amount of Loss in Appraisal

In many property loss cases, distinguishing between “coverage” and the “amount of loss” will be straightforward for purposes of invoking appraisal. See, e.g., Kawa v. Nationwide Mut. Fire Ins. Co., 174 Misc.2d 407, 664 N.Y.S.2d 430 (N.Y. Sup. Ct. 1997), …

Sex Industry Mogul Sues Curator Over Appraisal

Sex industry mogul Harry Mohney has sued an art curator, claiming her faulty appraisal of items he donated to the Erotic Heritage Museum in Las Vegas caused him problems with the IRS. The Las Vegas Sun reports the founder of …