federal court decisions in insurance cases News

Citgo Wins $54M from Lloyd’s Insurers After Oil Seized by Venezuela Government

(Bloomberg) — Citgo Petroleum Corp. was awarded an insurance payment of more than $54 million for almost 1 million barrels of crude seized by the Venezuelan government. A jury in federal court in Manhattan decided late Monday that insurers must …

Fed Judges Ask Florida Supreme Court to Decide if Insurers Can Sue Auto-Glass Shops

The Florida Legislature earlier this year struck a mighty blow for auto insurers in their years-long fight against windshield repair shops, ending assignment-of-benefits and the practice of offering gifts to insureds. Now, the Florida Supreme Court could soon decide another …