Pajaro Wall Street Inn, LLC v. CIBA Ins. Services
Appellant Pajaro Wall Street Inn, LLC (Pajaro) appeals from a judgment entered after the trial court denied its petition to vacate an award resulting from an appraisal proceeding conducted pursuant to Insurance Code section 2071.[1] The appraisal panel had determined the actual cash value of fire damage to a commercial building that Pajaro owned, as well as the value of Pajaros business income loss after the fire. The respondents (AXIS Surplus Insurance Company, Lloyds of London, Essex Insurance Company, United States Fire Insurance Company, and Westchester Surplus Lines Insurance Company (hereafter Insurers)) covered the loss. Court find no grounds for vacating the award and affirm the judgment.
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