J.S. Held LLC reposted this
The LMA Property Insurance Claims Group (PICG) recently welcomed the property claims community to the Old Library for an informative session unpacking the complexities of property loss valuation. Led by Jon Held (Executive Chairman, J.S. Held LLC) and Amy Churan (Partner, Robins Kaplan LLP), the event attracted underwriters, adjusters, attorneys and senior leaders for a practical discussion on: ➡️ How economic loss is assessed and why policyholders make certain post-loss decisions ➡️ Replacement cost, including how to define like kind and quality ➡️ What it means to be made whole under the principle of indemnity ➡️ How Actual Cash Value (ACV) is determined and its variation across US jurisdictions ➡️ What influences repair cost estimates ➡️ How to approach depreciation, from methods and calculations to the treatment of labour ➡️ Key questions to ask your expert, explored through hypothetical examples Thank you to everyone who joined us and contributed to the discussion. For more upcoming LMA events, visit: https://lnkd.in/eAEZCEXD #LMAEvents #PropertyInsurance #LossValuation #Claims #Underwriting #InsuranceLaw
