Appraisal Award – Insurance

By: Derek Hawkins//May 31, 2016//

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WI Court of Appeals – District III

Case Name: ST. Croix Trading Company et al v. Regent Insurance Company

Case No.: 2015AP1622

Officials: Kessler, Brennan and Brash, JJ.

Focus: Appraisal Award – Insurance

Regent Insurance Company (Regent) appeals an order of the circuit court vacating an appraisal award granted to its insured, St. Croix Trading Company/Direct Logistics, LLC (St. Croix). The circuit court vacated the award on the grounds that the appraisal panel failed to understand its contractually assigned task. Specifically, the circuit court found that the panel exceeded its authority by considering whether the Regent policy provided coverage for certain damaged items. We affirm.

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Attorney Derek A. Hawkins is the managing partner at Hawkins Law Offices LLC, where he heads up the firm’s startup law practice. He specializes in business formation, corporate governance, intellectual property protection, private equity and venture capital funding and mergers & acquisitions. Check out the website at www.hawkins-lawoffices.com or contact them at 262-737-8825.

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