Fla. Court Cuts Liberty's Share Of $3.4M Condo Settlements

Law360, New York (September 04, 2013, 4:43 PM ET) -- A Florida appeals court on Wednesday reduced Liberty Mutual Fire Insurance Co.'s share of a $3.4 million settlement that MI Windows & Doors Inc. struck to end defective-product suits brought by condo associations, ruling that a lower court should have applied the “your product” exclusion.

Tackling an issue with scarce case law in Florida, the appeals court gave force to an exclusion that blocked coverage for damage to MI's products, even though MI's customer significantly had altered the products that were at issue in the underlying...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers