Inverse Condemnation: A Primer And Reminder For Insurers
June 7, 2013, 11:50 AM EDT
Law360, New York (June 7, 2013, 11:50 AM EDT) -- Insurers may not normally be concerned with governmental takings, or how to allocate the cost of public improvements, but they should not overlook an inverse condemnation cause of action in California because that claim also allows the recovery of damages when property is damaged because of a public use.
The claim can be a useful tool to a property insurer that is considering a subrogation action against a public entity that damaged insured property because, in addition to the cost of the damage, the cause of...
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