Depreciation on ACV is OK, Court Says in Knocking Down Class Action vs. Cincinnati March 27, 2026 By William Rabb A property insurer is on solid ground in applying depreciation to actual cash value, as long as the policy makes...
Fannie Mae, Freddie Mac Will Again Accept Actual Cash Value Home Insurance March 20, 2026 By Chad Hemenway Insurance industry trade associations are applauding a decision to change the homeowners insurance required by Fannie Mae and Freddie Mac,...
Indiana Church Not Owed Replacement-Cost Payment for Fire Damage March 10, 2026 By Ezra Amacher An Indiana church seeking payment at replacement-cost level for fire damage to its property learned the hard way that procrastination...
Appeals Court Nixes Class Actions Against Progressive Over Actual Cash Value July 8, 2025 By Andrew G. Simpson Progressive Insurance will not have to face two class actions by Pennsylvania insureds alleging that the insurer systematically underestimated the...
Homeowners Have Post-Loss Duties Too, Florida Appeals Court Says in HCI Win March 20, 2025 By William Rabb Florida insurers, often on the receiving end of insureds’ complaints – in the courts and in the news media –...
Progressive Settles New York Case Over Unpaid Sales Taxes on Total Loss Claims July 10, 2024 By Andrew G. Simpson At the same time it is settling a New York class action about underpaying totaled loss claims for $48 million,...
Progressive to Pay $48M to New York Drivers Over Underpaid Total Loss Claims July 5, 2024 By Andrew G. Simpson Progressive Insurance has agreed to a $48 million settlement with a class of 93,000 New York policyholders who claim the...
Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance May 9, 2024 By William Rabb Property insurance groups on Wednesday applauded a decision by Fannie Mae and Freddie Mac to hold off on an apparent...
Update: Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes May 7, 2024 By William Rabb An updated guideline from Fannie Mae, if it stands, could throw a wrench into the property-casualty insurance industry’s move toward...
Florida Trial Lawyer State Rep Offers Condo ACV Bill as a Solution to Costs December 12, 2023 By Insurance Journal Staff Reports A bill introduced by a Democrat and trial attorney would take a step toward something that property insurers have longed...