Ignorance On $1.25M Deductible Isn't Bliss: Miss. High Court

Law360, New York (February 25, 2013, 5:14 PM EST) -- The Mississippi Supreme Court ruled Thursday that a policyholder's failure to read an insurance policy doesn't excuse it from paying deductibles that were clearly stated, preserving a win for Lloyd's of London in a fight with nursing home companies over a $1.25 million deductible.

The state high court upheld a ruling that Southern Healthcare Services Inc. and operators of the Willow Creek Retirement Center and Jones County Rest Home have to pay Lloyd's more than $701,000 to reimburse the insurer for defense and settlement costs owed as part of a deductible.

The policyholders argued that Lloyd's breached the policy by requiring...

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

Attached Documents

Related Sections

Law Firms

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?
Beta
Ask a question!