Carolina Casualty Ordered To Pay $17M Arbitration Award

Law360 (June 30, 2021, 5:22 PM EDT) -- A Florida panel on Tuesday said Carolina Casualty Insurance Co. is on the hook for a bankrupt medical device distributor's $17 million arbitration award against its policyholder, finding that a breach of contract exclusion does not bar coverage.

The First District Court of Appeal panel held that the award is covered under a management liability policy that the Jacksonville, Florida-based insurer issued to Santa Barbara Medical Innovations Inc. because claims brought by Primcogent LLC bankruptcy trustee John D. Spicer did not arise solely from an asset purchase agreement between the two companies, but rather misrepresentations SMBI made to Primcogent about the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!