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.
MA Law | Insurance Coverage Cases
Capitol Specialty Ins. Must Pay Exotic Dancer $6.5 Million under c. 93A for Unfair Claim Practices
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.
Green Mountain Must Cover Death Claims That Occurred On Uninsured Premises
The Supreme Judicial Court (SJC) of Massachusetts has decided what it called a “close” case, Green Mountain Insurance Company v. Wakelin.
Is It Overtime Or On Your Own Time? A Class-Action Suit Alleges That Studying For Employer-Required Insurance Licenses Should Be Considered Overtime
A class action suit seeking overtime pay for unlicensed employees a bank hired who were to sell insurance and investment products after they obtained on their own time the necessary insurance and security licenses recently failed in Federal Court in Boston.
Special Commission Urges A State Captive Insurer To Solve $350 Million Crumbling Foundation Problem
An 11-person commission studying crumbling foundations in Massachusetts recommends setting up a captive insurer to deal with the estimated $350 million in costs for affected homeowners.
