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.
Maine Plane Crash Victims Worked for Luxury Travel Startup Led by Texas Lawyer 
Beazley Agrees to Zurich’s Sweetened £8 Billion Takeover Bid 
Florida Senate President Says No Major Insurance Changes This Year 
Zurich Insurance’s Beazley Bid Sets the Stage for More Insurance Deals 
