The storm has passed and a new wave of obstacles and hurdles are sure to follow in its wake. Out-of-state adjusters have already flooded the area, and not all of them know and understand policyholders’ rights in the State of Tennessee. Here’s a few tips on a few areas that we at McWherter Scott &
labor depreciation
TN Supreme Court Rules Labor Cannot be Depreciated
By Brandon McWherter on
For the past few years, I’ve been involved in several labor depreciation cases around the Southeast, including one right here in Tennessee against Auto-Owners. The threshold legal question in that case, Lammert et al. v. Auto-Owners Mutual Ins. Co., was whether an insurance company can depreciate the cost of labor when determining its actual…
MS Insurance Commissioner Issues Bulletin Regarding Labor Depreciation
By Brandon McWherter on
This past Friday (Aug. 4, 2017), Mississippi’s Insurance Commissioner, Mike Chaney, issued a bulletin that alerts insurers that they should not be depreciating labor in Mississippi unless policy language clearly allows it, and even then, estimates must clearly delineate that labor was depreciated. I’ve quoted the bulletin below:
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