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The Supreme Court of Arizona recently answered two questions certified by the U.S. District Court for the District of Arizona that both concerned how an insurer may or may not use depreciation in calculating the actual cash value (ACV) of damaged property.
Massachusetts law states "the unambiguous terms of an insurance policy must be strictly enforced and an insured's failure to comply with the notice provision of a claims made policy bars coverage."
Huntington Ingalls, according to the Supreme Court of Vermont, suffered "direct physical damage" because employees infected with COVID had been physically present at the facilities and unintentionally spread the virus to employees who were not ill.
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