6th Circ. Tosses Insurer's Marina Coverage Suit

Law360, New York (September 25, 2009, 3:57 PM EDT) -- A federal appeals court has upheld the dismissal of New Hampshire Insurance Co.'s suit seeking to avoid having to defend and indemnify policyholder National Marine Inc., a marina company found liable in an Ohio court of selling boats without clean title.

However, according to Thursday's ruling in the U.S. Court of Appeals for the Sixth Circuit, the district court was wrong to assume federal jurisdiction existed under maritime law simply because the policy was granted to a marina operator.

"Simply because this insurance policy relates to...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.