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“Jeff McConnaughey” “diminution in value” “Royal Capital v. Maryland Casualty” “proof of damages” “stigma damages” “economic loss” “appraisal”
The recent Georgia decision of Royal Capital Development LLC v. Maryland Casualty Company, 291 Ga. 262, 728 S.E.2d 234 (Ga. 2012) opened a new world of claims for property insurers, in that the Court concluded that economic loss ensuing from property damage (in this particular case so-called “stigma damage” was at issue) was covered under...