Reinsurance Law Blog

Reinsurance Law Blog

Tag Archives: Redcorn

O.K. to depreciate labor in property loss — Tenth Circuit applying Kansas law

Posted in Contractual Liability
In Graves v. American Family Mutual, Graves had roof damage and damage to her kitchen ceiling after a hailstorm. Her American Family homeowner’s insurance policy provided for recovery of the “actual cash value” at the time of a covered loss as well as the “replacement cost” of the damaged property once repairs are completed. She… Continue Reading

Depreciation of labor in the calculation of actual cash value is against Arkansas public policy

Posted in Contractual Liability, New Case
In Shelter Insurance Company v. Goodner, 2015 Ark. 460, the Arkansas Supreme Court affirmed summary judgment in favor of the insureds that the  depreciation of labor in the calculation of actual cash value is against Arkansas public policy. Shelter insured the Goodner’s mobile home. In the event of a covered loss, Shelter would pay the… Continue Reading
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