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Kahlig Enters. v. Affiliated FM Insurance Co.

Court: 5th Cir  04/10/2024  Interest and Attorney's Fees Not Available Under TPPCA Where Insurer Paid ACV Under Policy

The Fifth Circuit Court of Appeals affirmed summary judgment granted by the district court, finding property insurer's payment of actual cash value for repairs plus interest following appraisal foreclosed recovery of interest and attorney's fees, and that replacement cost value was recoverable under policy only for repairs made by the insured within two years of the loss date.

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