Years ago, there was a comedy ensemble variously called “The Dead End Kids,” “The East Side Kids,” and, finally, “The Bowery Boys.” (They were made famous in the 1938 Cagney/Bogart film, “Angels With Dirty Faces.”) The protagonist of the group was a character named “Slip” Mahoney, played by the actor Leo Gorcey. Slip would routinely
depreciation
Actual cash value and replacement cost
By Gene Killian on
Large first-party property damage cases often come down to a battle of accountants. In other words, unlike Olympic beach volleyball, they’re usually not particularly thrilling to watch. (Not that I have anything against accountants.) But the results of the battle can have a major impact on the policyholder’s balance sheet. How is the policyholder’s claim…