11th Circ. Cuts QBE Insurance Payout In Hurricane Suit
The U.S. Court of Appeals for the Eleventh Circuit issued the ruling Tuesday, throwing out a jury verdict requiring QBE to pay Buckley Towers Condominium Inc. nearly $20 million upfront to cover repair costs from Hurricane Wilma in 2005. The district court later added about $5 million in prejudgment interest.
Generally, the policy at issue...
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