Farm Bureau Mutual Insurance v. Wood

Plaintiffs, Farm Bureau Mutual Insurance Company, Richard Reas and Rose Ann Reas, appeal as of right from an opinion and order of the Oceana Circuit Court which granted defendants Ronald and Sarah Wood’s motion for judgment notwithstanding the verdict and overturned a jury award in favor of Farm Bureau and the Reases. In addition, Farm Bureau appeals from the circuit court order denying its motion for additur of the jury award. We reverse.

These two consolidated cases involve claims for damages for the alleged fraudulent concealment of latent defects in real property by the vendors of that…