Joe Gulick | Claims Journal In the world of insurance valuation disputes, the selection of the appraiser and umpire can significantly influence the outcome of an appraisal. These professionals play an important role in resolving disagreements over the value of damages, and their competence, impartiality, and negotiation skills are essential for achieving fair awards. Whether… Continue reading The Right Appraiser or Umpire for The Insurance Appraisal Process
Tag: insurance appraisal
Minnesota Courts Enforce Policy Provisions Barring Preaward Interest on Appraisal Awards
Lindsey Davis and Bryan Lee | Zelle Insurers must generally pay statutory preaward interest on Minnesota appraisal awards under commercial and residential property policies unless the policy expressly prohibits such interest. Recent decisions confirm that Minnesota courts will enforce policy provisions barring preaward interest. Recovery of interest is based on Minnesota Statute section 549.09, which governs… Continue reading Minnesota Courts Enforce Policy Provisions Barring Preaward Interest on Appraisal Awards
Selecting the Right Appraiser or Umpire for the Insurance Appraisal Process
Joe Gulick | JS Held Introduction In the world of insurance valuation disputes, the selection of the appraiser and umpire can significantly influence the outcome of an appraisal. These professionals play an important role in resolving disagreements over the value of damages, and their competence, impartiality, and negotiation skills are essential for achieving fair awards.… Continue reading Selecting the Right Appraiser or Umpire for the Insurance Appraisal Process
Seventh Circuit Confirms that Appraisers May Determine Cause of Loss in Addition to Amount of Loss
Tred R. Eyerly | Insurance Law Hawaii The Seventh Circuit affirmed the district court’s ruling that the appraisers appointed under the policy provisions to establish the amount of loss could also find the cause of the loss. Mesco Manufacturing, LLC v. Motorists Mut. Ins. Co., 2025 U.S. App. LEXIS 18598 (7th Cir. July 25,… Continue reading Seventh Circuit Confirms that Appraisers May Determine Cause of Loss in Addition to Amount of Loss
Insurer’s Attempt to Challenge Appraisal Award Rejected
Tred R. Eyerly | Insurance Law Hawaii The insurer’s challenge to an appraisal award was rejected by the federal district court. Bogaerts v. State Farm Fire and Cas. Co., 2025 U.S. Dist. LEXIS 102170 (E.D. Mich. May 29, 2025). The plaintiffs’ home was destroyed by fire. State Farm was notified of the… Continue reading Insurer’s Attempt to Challenge Appraisal Award Rejected