Insurer Dodges Contract-Breach Claim In $45M Coverage Suit
Law360 (June 12, 2019, 6:56 PM EDT) -- A Florida federal judge has erased a breach-of-contract claim against insurer Allied World in a suit by a construction company policyholder facing a $45 million underlying verdict over a deadly crash, leaving another claim over punitive damages coverage still to be decided.
U.S. District Judge Kenneth Marra on Tuesday ended policyholder Ranger Construction Industries Inc.'s claim that Allied World National Assurance Corp. didn't work hard enough to settle the underlying suit before a Fort Lauderdale, Florida, jury awarded $20 million in compensatory damages and $25 million in punitive damages in October 2017 over a highway crash that killed two people in...
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