“The basic premise of traditional property insurance is the concept of indemnity. The insured who suffers a covered loss is entitled to receive full, but not more than full, value for the loss suffered, to be made whole but not be put in a better position than before the loss.” In re: State Farm Fire & Cas. Co., 872 F.3d 567, 573 (8th Cir. 2017). The concept of indemnification for loss is at the core of property insurance reimbursement. Insurance policies are ... Keep Reading »
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