Mealey's Insurance - Panel Denies Rehearing Of Ruling On Joint Reinsurance Association's Duty To Costs

Mealey's Insurance - Panel Denies Rehearing Of Ruling On Joint Reinsurance Association's Duty To Costs

SAN FRANCISCO - Denying a petition for rehearing, a California appeals panel on June 14 upheld its earlier ruling that an insurance industry placement facility and joint reinsurance association is obligated by California Insurance Code Section 2051 to pay the costs to repair an insured's home, less depreciation, even if the amount exceeds the fair market value of her home (California Fair Plan Association v. Marlene Garnes, No. A143190, Calif. App., 1st Dist., Div. 2, 2017 Cal. App. LEXIS 552).

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