Supreme Court Upholds Protections For California Homeowners

Date March 8, 2007

The Supreme Court recently ruled that insurers may not depreciate the cost of labor when paying claims for homeowners’ insurance, a practice that often increases homeowners’ out-of-pocket expenses when repairing damage to their homes. In 2003, the California Department of Insurance (CDI) amended the Fair Claims Settlement Practice Regulations to set more stringent standards for [...]