No Coverage For $20.8M Default Judgment Against Insured, Federal Judge Rules

No Coverage For $20.8M Default Judgment Against Insured, Federal Judge Rules

ORLANDO, Fla. - A Florida federal court entered judgment in favor of an insurer on Oct. 8 in a lawsuit seeking coverage for a $20.8 million default judgment entered against an insured, finding that the insured failed to satisfy its claims-reporting obligation under a title agent's professional liability insurance policy (Lake Buena Vista Vacation Resort L.C. v. Gotham Insurance Co., No: 6:12-cv-1680-Orl-31DAB, M.D. Fla.; 2013 U.S. Dist. LEXIS 144729).

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