Fla. Supreme Court Untangles Self-Insured Retentions

Law360, New York (February 11, 2014, 9:38 PM EST) -- The Florida Supreme Court on Thursday let a contractor use third-party payments to satisfy the self-insured retention in a liability policy, reassuring a wide swath of policyholders that they can count on additional insured coverage and providing guidance to bankruptcy courts that are puzzled about how insurance policies should be triggered.

The ruling answered a pair of questions sent by the Eleventh Circuit in an insurance dispute stemming from a $1.6 million settlement of injury claims against Intervest Construction of Jax Inc. and ICI Homes Inc....
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