The Property Line

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loss

Minnesota Prejudgment Interest Statute Does Not Apply to Appraisal Awards Without an Underlying Breach of Contract or Bad Faith Claim

Cincinnati Insurance Company (Cincinnati) provided a homeowner’s policy to the insured. Pursuant to a Minnesota state statute, the policy included an appraisal clause mandating that if the parties could not agree on the valuation of a loss, that either party… Continue Reading →

Bad Faith Claim Supported by Evidence That Insurer Tried to “Overwhelm” and “Frustrate” an Insured

By way of its declaratory judgment complaint filed in Great American Ins. Co. v. GRM Management, LLC, 2014 U.S. Dist. LEXIS 164147 (E.D. Vir. Nov. 24, 2014), Great American sought a declaration that no coverage was owed to its insureds… Continue Reading →

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