Law360 (Could 6, 2021, 10:03 PM EDT) — The Eleventh Circuit on Thursday overturned a decrease court docket’s ruling in favor of Vacationers, which had sued to dodge protection of a sunken yacht, holding that there is no such thing as a firmly established federal rule in maritime insurance coverage relating to whether or not policyholders’ breach of warranties will bar protection.
A 3-judge panel dominated that the U.S. District Court docket for the Southern District of Florida wrongly held that Vacationers Property Casualty Firm of America isn’t obligated to pay for Ocean Reef Charters’ broken yacht as a result of the policyholder breached the insurance coverage’s categorical warranties. The panel despatched the case again to the decrease court docket.
In response to court docket…
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