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Nebraska SC sides with insurer on question of ‘actual cash value,’ depreciation of labor

Jessica Karmasek Mar. 1, 2017, 1:03pm

The state’s high court, in its Feb. 17 opinion, sided with defendant American Family Mutual Insurance Company. The court held that an insurer may apply depreciation to the cost of labor when determining actual cash value under a standard policy that did not define the term “actual cash value.”