Lloyd's Breach Claim KO'd In Hurricane Coverage Suit

Law360, New York (February 28, 2011, 6:44 PM EST) -- A federal judge Monday rejected counterclaims from Lloyd's of London in a putative class action alleging its property insurance policies conceal separate deductibles for hurricane damage in violation of Florida law.

Judge Cecilia Altonaga of the U.S. District Court for the Southern District of Florida swept aside most of the counterclaims, including the defendants’ bids for breach of contract, unjust enrichment and estoppel, but the court did not satisfy the plaintiffs’ every wish.

Dismissing the breach of contract counterclaims, the court said the underwriters are seeking...
To view the full article, register now.




Case Information

Case Title

GB, LLC. v. Certain Underwriters At Lloyd's London et al

Case Number



Florida Southern

Nature of Suit



Cecilia M. Altonaga

Date Filed

May 28, 2009

Law Firms

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.