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Category Archives: Economic Loss Doctrine

Exceptions to the Economic Loss Doctrine

The Economic Loss Doctrine can be a roadblock to subrogation. Exploration of exceptions to the doctrine can provide subrogation professionals with tools to navigate their way to recovery. An economic loss refers to a financial loss and damages suffered by a person or entity, which arise from a defect in the qualitative nature of the… Read More »

Navigating the Moorman Doctrine

The Illinois Economic Loss Doctrine can be a roadblock to recovery. However, before you close your file, take a closer look, armed with exceptions that may help you navigate your way to the other side. The Illinois Economic Loss Doctrine sets out to bar recovery in tort for purely contractual losses or frustrated economic expectations… Read More »

The Economic Loss Rule

The Economic Loss Rule is a doctrine that prohibits recovery for an economic loss resulting from a wrongful act or an infringement of a right, when unaccompanied by physical property damage or personal injury. Instead, only parties to the contract or contractual beneficiaries may recover economic losses. An economic loss is a financial loss. The… Read More »