Jury: Insured Incurred $ 4M In Covered Hurricane Wilma Damages Under Excess Policy

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 Company, No.10-61485, S.D. Fla.). Full story on lexis.com