Eighth Circuit Affirms Finding of Bad Faith, Award of Costs and Prejudgment Interest

    The Eighth Circuit affirmed the district court’s finding of bad faith and award to the insured of taxable costs and prejudgment interest. Selective Ins. Co. v. Sela, 2021 U.S. App. LEXIS 26062 (8th Cir. Aug. 30, 2021).      The insured suffered two hail storms that damaged his home. In 2010, the first … Read more

Insured Has Insurable Interest in Damaged Property Despite Transferring Ownership

    The appellate court reversed the trial court’s dismissal of the insured’s complaint which adequately pled she had an insurable interest in the property even after it was transferred to an LLC. Cole v. Citizens Prop. Ins. Corp., 2021 Fla. App. LEXIS 12386 (Fla. Ct. App. Aug 25, 2021).     Two months after … Read more