Fla. Court Lets Insurer Off Hook In Bad Faith Action

Law360, New York (May 10, 2010, 3:38 PM EDT) -- Clarifying Florida law on third-party bad faith causes of action in insurance cases, the state's highest court has determined that an insured party cannot sustain recoverable damages when the insurer's actions neither caused the claimed damages nor resulted in exposure of the insured to excess liability.

The Supreme Court of Florida on Thursday answered in the negative two questions certified by the U.S. Court of Appeals for the Eleventh Circuit regarding state law requirements for bringing the actions, handing a boost to indemnity insurer U.S. Fidelity...
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.