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Fiesta Mart, LLC v. Willis of Illinois, Inc.

Court: SD Tx  03/31/2024  Claimant Not An Insured But Can Recover Depreciation Holdback By Assignment

A court of the Southern District of Texas held that corporate entity was not an insured under property policies but that it could recover depreciation holdback from five of seven insurers by virtue of assignment contained in a settlement agreement, but that anti-assignment clauses in two of the policies were enforceable.

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