Inherent diminished value claims are based on the theory that some stigma attaches to a vehicle from its involvement in a prior collision, such that its market value is diminished even though the vehicle has been restored to its pre-collision physical condition.
In a flurry of activity between March 26 and March 30, the commissioner of insurance has issued five bulletins concerning issues arising out of the Coronavirus and the COVID-19 pandemic.
The First Circuit Court of Appeals has affirmed $6.5 million of the $8.4 million unfair claim practice judgment that Capitol Specialty Insurance Corporation had appealed from the United States District Court sitting in Worcester, Massachusetts.
On Monday, March 23, Governor Baker issued his “COVID-19 Order No. 13,” titled by the Governor as an “Order Assuring Continued Operation of Essential Services in the Commonwealth, Closing Certain Workplaces, And Prohibiting Gatherings of More Than 10 People.”
The Commissioner issued on Monday, Bulletin 2020-05, entitled “Flexibility in the Issuance and Administration of Insurance during COVID-19 (Coronavirus) Public Health Crisis.”