Search Results for: Farad Dam

More on the Dam Case

ACV Judgment Limited to ACV and Not Future Replacement Cost Depending on the wording of an insurance policy actual cash value (ACV) is a method of determining the amount payable to an insured on a replacement cost policy even if … Continue reading

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A Dam Case

When ACV is RCV Less Depreciation The definition of the insurance term “actual cash value” (ACV) has resulted in multiple definitions depending on jurisdiction. Some define it as fair market value, some define it as replacement cost value (RCV) less … Continue reading

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When Has Litigation Gone Too Long?

More on the Dam Case Some litigation seems to continue forever. When a dam was destroyed by flood in 1997 litigation began between the owners of the dam and their insurer. The litigation has gone through trial, appeal, back to … Continue reading

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Posted in Zalma on Insurance | Comments Off on When Has Litigation Gone Too Long?