Property Manager's Hurricane Wilma Coverage Suit Survives

Law360, New York (January 27, 2012, 5:10 PM EST) -- A Florida federal judge refused Friday to grant Arch Specialty Insurance Co.'s bid to toss an $8.5 million coverage suit for damage to apartment complexes from Hurricane Wilma, rejecting its argument that the property management company seeking coverage had no insurable interest.

U.S. Judge William P. Dimitrouleas ruled that Banta Properties Inc. could sue for coverage even though it did not own the property at issue because it earned its livelihood from the apartment complexes, rejecting Arch’s bid for judgment as a matter of law and...
To view the full article, register now.