on March 23, 2020
On March 18, 2020, the Sixth Circuit handed down a pro-policyholder decision in a dispute over the calculation of a loss occurring under a homeowners' insurance policy. In a split decision, the Court held that an insurer may not include the cost of labor in calculating depreciation when determining the cost of repairs to the insured property....
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on June 28, 2018
Recently, in Gilbane Building Co./TDX Construction Corp. v. St. Paul Fire and Marine Ins. Co., et al., the New York Court of Appeals affirmed that an insurer was not obligated to defend and indemnify construction managers as additional insureds where the policy at issue specifically limited coverage to entities with whom the primary insured had contracted in writing to add to the policy....
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