Fla. Appeals Court Upholds Sinkhole Insurance Limit Decision

Law360, Miami (March 15, 2013, 4:58 PM EDT) -- A Florida appeals court on Wednesday affirmed the state insurance regulator's decision to deny an insurer's attempt to limit sinkhole loss coverage to one-fourth of the overall coverage amount for the building.

Florida's First District Court of Appeal upheld the order by the Office of Insurance Regulation denying Florida Farm Bureau Casualty Insurance Co.'s request to amend its sinkhole loss coverage. The court said it should defer to the agency's construction of the statute because it “falls within the permissible range of interpretations and does not...
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