Reinsurance Law Blog

Reinsurance Law Blog

Tag Archives: Nebraska

Ok to depreciate labor costs on property damage claim — Nebraska

Posted in Contractual Liability
In Henn v. American Family Mut. Ins. Co., Henn’s roof was damaged in a hailstorm.  She sued American Family and sought class certification when American Family depreciated labor costs in calculating actual cash value.  Under the policy, the insured will receive an actual cash value payment. If the insured repairs or replaces the damaged property,… Continue Reading

Failure to reevaluate case after partial summary judgment is bad faith 8th Circuit, Nebraska

Posted in Insurance Bad Faith, New Case
In Bamford, Inc. v. Regent Insurance Company, one of Bamford’s employees caused an accident and Bamford told Regent to settle the resulting claims within its policy limits of $6M.  There was no settlement, and a judgment was entered against Bamford for $10.6M.    The damages included a claim on behalf of the other driver’s estate.  A… Continue Reading