14.15.1 Economic Loss Rule.

• Jurisdiction: Arizona

14.15.1 Economic Loss Rule. Arizona previously applied the “economic loss rule” to bar claims in tort for purely economic damages, absent physical harm to a person or secondary property damage, even when the plaintiff lacked a contractual remedy.²⁰¹ This rule seemingly would preclude tort claims against insurance producers for purely pecuniary losses caused by their negligence. However, Arizona courts have more recently refined the economic loss rule to limit a contracting party to contractual remedies for the recovery of economic losses only where such losses are unaccompanied by...