Court Of Appeals Clarifies Limits On Treble Damages And Proof Requirements In Conversion Case
The Court of Appeals affirmed the Trial Court’s award of treble damages as to the documented pecuniary losses, reversed the award of trebled investigatory expenses, vacated the awards for investigatory expenses and attorney fees, and remanded for further proceedings.
Named Insured Can Have An Insurable Interest In Property It Does Not Own
In A B Petro Mart, Inc v Prime One Ins, an insurance coverage action, the MI COA held that a corporate Plaintiff had an insurable interest in the property at issue.