Lack of Insurable Interest Precludes Recovery for Property Damage | JD Supra In Ram Krishana Inc. d/b/a Motel 6 Sulphur v. Mt. Hawley Insurance Co. (2025 WL 371016) (S.D.N.Y. 2025)), the United States District Court for the...

As this business learned common business ownership with separate entities did not give them an #insurableinterest in the property. As such they couldn't recover from a hurricane loss www.jdsupra.com/legalnews/la...

The Basic Principles of Insurance The principles of insurance explained — utmost good faith, insurable interest, indemnity, contribution, subrogation, loss minimization, and proximate cause.

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