Insurer Did Not Impermissibly Depreciate Labor Costs, 10th Circuit Affirms

Mealey's (April 24, 2017, 9:44 AM EDT) -- DENVER — The 10th Circuit U.S. Court of Appeals on April 21 affirmed a lower federal court’s finding that a homeowners insurer did not violate its policy when it depreciated labor costs in determining the actual cash value of an insured’s loss following hail and water damage (Margaret Graves v. American Family Mutual Insurance Co., No. 15-3187, 10th Cir., 2017 U.S. App. LEXIS 6980)....