Fed. Ct. FL / Conflicting Endorsements
Defense Expenses Exhaust SIR
The Southern District of Florida, applying Florida law, held that class action defense expenses incurred by a Florida agricultural business eroded the applicable $1 million self-insured retention (“SIR”) despite the fact that the policy contained another contradictory SIR endorsement.
The coverage dispute arose when US Sugar Corporation (“US Sugar”) successfully defended itself against a class-action lawsuit alleging... Read More