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NEW In-House Counsel | Insurance | Intellectual Property | Immigration | Natural Resources | Real Estate | Tax

PAYMENT OF INSURANCE PROCEEDS - Advance payments

Friday, August 31, 2018 @ 7:57 AM  

Appeal by the insurer from summary judgment dismissing its action for repayment of excessive benefits paid to its insured. The respondent’s dental practice was destroyed by fire. At the time of the loss, the appellant had issued an insurance policy for the building and its contents. This policy also included coverage for business interruption. The appellant made a series of payments to the respondents prior to the determination of the total loss, including a $750,000 advance payment for the loss payable for the building. In an...