Insurers Must Cover Property Owner's Storm Repair Costs

Law360, New York (September 26, 2012, 4:23 PM EDT) -- A Florida federal judge ruled Tuesday that a pair of insurance companies could not rescind a property owner's coverage for alleged distortions about damage caused by back-to-back hurricanes, finding that Moulton Properties Inc. did not make intentional misrepresentations when it applied for its policies.

U.S. District Judge Lacey A. Collier had originally dismissed the claims from Landmark American Insurance Co. and Arch Insurance Specialty Co. before the Eleventh Circuit remanded the case on appeal, finding that the district court failed to examine whether Moulton's insurance broker...
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