Feb
1
Jury: Insured Incurred $ 4M In Covered Hurricane Wilma Damages Under Excess Policy
February 1, 2012 | Leave a Comment
FORT LAUDERDALE, Fla. – A jury in the U.S. District Court for the Southern District of Florida on Jan. 30 found that a Florida property manager insured incurred $ 4 million in covered losses from Hurricane Wilma, rendering a verdict against the excess insurer following a 10-day trial (Banta Properties Inc. v. Arch Specialty Insurance [...]
Sep
14
Judge: Insured May Not Recover $ 25M Settlement Loss From Excess Insurer
September 14, 2011 | Leave a Comment
NEW YORK – A data protection corporation may not recover its losses arising from a $ 25 million class action settlement because it did not comply with its excess insurance policy’s consent-to-settle provision, a New York federal judge ruled Sept. 9 (Federal Insurance Company v. Safenet Inc., et al., No. 09 CV 7863 [NRB], S.D. [...]
Jun
2
Insured Was Not Required To Submit To Appraisal Before Filing Suit, Panel Rules
June 2, 2011 | Leave a Comment
SAN JOSE, Calif. – An insured was not required to submit to an appraisal process prior to seeking declaratory relief as to the legality of the insurer’s policies surrounding that process, a California appeals panel ruled May 24, reversing a lower court’s grant of demurrer to the insurer (The Doan v. State Farm General Insurance [...]