Fidelity Warranty Services, Inc. v. Firstate Insurance Holdings, Inc.

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October 5, 2011

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6411 Insurance Agents, Brokers, and Service
524210 Insurance Agencies and Brokerages
tort
Fidelity Warranty Services, Inc. v. Firstate Insurance Holdings, Inc.
2011 WL 4577530 (Fla. App. 4 Dist.)
US
State Court
Florida
Court of Appeals
Ronald Patella
Ciklin

Summary

District court reverses $3.5 million award for lost business value due to expert’s use of incorrect measure of damages (income approach), and because owner’s attempt to cure by testifying as to market value was unfair surprise and speculative.
Fidelity Warranty Services v. Firstate Insurance Holdings
PDF, Size: 134 KB

See Also

It’s Critical to Apply Correct Measure of Lost Business Value

Legal and Court Case Update
February 2012

District court reverses $3.5 million award for lost business value due to expert’s use of incorrect measure of damages (income approach), and because owner’s attempt to cure by testifying as to market value was unfair surprise and speculative.

This article also appears in:
The Comprehensive Guide to Economic Damages, Seventh Edition