Mealey's Insurance - Panel: Court Erred In Excusing Insured From Complying With Policy Requirement

Mealey's Insurance - Panel: Court Erred In Excusing Insured From Complying With Policy Requirement

ST. LOUIS - A lower federal court committed reversible legal error by excusing an insured from complying with the proof of loss requirement in a standard flood insurance policy (SFIP), the Eighth Circuit U.S. Court of Appeals ruled July 11, reversing and remanding a $47,059.32 damages award in favor of the insured on his breach of contract claim against the insurer (Mike McCarty v. Southern Farm Bureau Casualty Insurance Co., No. 13-2490, 8th Cir.; 2014 U.S. App. LEXIS 13173).

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