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Mealey's Insurance - Developer Challenges Application Of 'Named Windstorm' Deductible In Florida Court

MIAMI - A hotel developer on Nov. 6 sued its insurer in a Florida court, arguing that the applicable deductible under the builders risk insurance policy is the "Rain, Sleet Ice, or Snow Limited Coverage Endorsement" and not the "Named Windstorm" deductible (550 Seabreeze Development LLC v. Illinois Union Insurance Company, No. 19-62775, Fla. Cir., 11th Jud. Cir.).
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