Panel Affirms $6.6M Appraisal Award In Insured’s Favor In Hurricane Coverage Dispute

( November 4, 2024, 2:17 PM EST) -- ATLANTA — The 11th Circuit U.S. Court of Appeals affirmed a lower federal court’s grant of a condominium association insured’s motion for summary judgment and confirmation of a  $6,599,810.67 appraisal award for its actual cash value loss arising from Hurricane Irma damage, saying it will not save the insurer “from the undesired consequences of the binding appraisal agreement it chose to enter.”...