A federal appellate court has reversed a $7.2 million judgment and ordered a new trial in a Florida hurricane insurance case.
The 11th Circuit Court of Appeal issued the ruling in Atlanta based on a May opinion by the Florida Supreme Court.
The case stemmed from Hurricane Wilma in 2005. A federal jury ruled for Chalfonte Condominium Apartment Association of Boca Raton in a lawsuit against its insurer, Australia-based QBE Insurance Corp.
The Florida high court ruled state law does not recognize a breach of implied warranty against insurance companies based on failure to investigate a claim within a reasonable time.
The state justices also ruled customers cannot sue for violating a law that requires insurance policies to include warnings of large deductibles in oversize, boldface type.
Was this article valuable?
Here are more articles you may enjoy.
Sompo Receives Regulatory Approvals to Acquire Aspen Insurance in $3.5B Deal 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
AI Claim Assistant Now Taking Auto Damage Claims Calls at Travelers 
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
