Diminished Value Claims — Impossible Measure Of Damages?
June 25, 2012, 5:07 PM EDT
Law360, New York (June 25, 2012, 5:07 PM EDT) -- The Georgia Supreme Court recently weighed in on the applicability of its ruling in State Farm Mut. Auto. Ins. Co. v. Mabry, wherein it ruled that diminution of value was a recoverable component of a loss in first-party insurance physical damage claims for automobiles, to Royal Capital Development LLC v. Maryland Cas. Co., a case that is currently pending in the Eleventh Circuit of Appeals.
In response to the Eleventh Circuit’s certified question regarding the applicability of Mabry to Royal Capital, the Georgia Supreme Court answers...