Ill. High Court Rules Against State Farm In Loss Value Dispu

Ill. High Court Rules Against State Farm In Loss Value Dispute

Illinois' top court upheld a win Thursday for a proposed class of homeowners accusing State Farm of automatically depreciating labor costs on top of the cost of materials when handling a property damage claim without disclosing the practice to policyholders, saying the policy is ambiguous and must therefore side with the insured.

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