Fla. Developers Sue For Coverage Of $5M Condo Defect Suit

Law360, New York (September 24, 2013, 6:07 PM EDT) -- Developers Cypress Naples Ltd. and Parkland Naples LLC launched suit Thursday in Florida federal court seeking coverage from Westchester Surplus Lines Insurance Co. for an underlying suit alleging their Naples, Fla. condominium is rife with $4.5 million worth of construction defects.

Cypress and Parkland are seeking a court declaration that Westchester is obligated to provide them with defense and indemnification in an underlying 2011 suit launched by the condominium association for Positano Place, the developers' condominium in Naples. The suit claims the project wasn’t built in...
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