Property Insurance Depreciation Class Settlement Approved, Including Service Awards

(August 15, 2023, 10:51 AM EDT) -- SELMA, Ala. — A federal judge in Alabama granted final approval of a class settlement in a case accusing insurers of improperly deducting nonmaterial depreciation from actual cash value payments when adjusting structural loss claims under Alabama policies, including service awards for the class representatives, despite the holding in Johnson v NPAS Solutions, LLC....

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