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

FORT LAUDERDALE, Fla. - (Mealey's) 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 (...

U.S. Supreme Court Denies Insurer's Motion To Stay Reinstated $92.9 Million Judgment

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on Jan. 31 denied an insurer's motion to stay pending the filing and disposition of a petition for a writ of certiorari of a $92.9 million judgment that was reinstated against it in a class action lawsuit arising from hurricanes Katrina and...