Judge Dismisses Suit Disputing Insurer’s Calculation Of Hailstorm Damage Claim

(November 6, 2018, 3:56 PM EST) -- RALEIGH, N.C. — A North Carolina judge on Oct. 22 found that a homeowners insurer did not breach a policy when it depreciated both material and labor costs in the calculation of the actual cash value (ACV) of an insured’s hailstorm damage claim, granting the insurer’s motion to dismiss a breach of contract lawsuit (Thomas Accardi v. Hartford Underwriters Insurance Company, No. 18-2162, N.C. Super., Wake Co., 2018 NCBC LEXIS 110)....

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