March 02, 2023
A holding company asked a Florida federal court to pause execution of a judgment in a misrepresentation lawsuit allowing a Lloyd's unit to rescind a policy and collect reimbursement for defense costs, saying the judgment should be halted while the Eleventh Circuit determines whether it has jurisdiction over the company's appeal.
December 20, 2022
Lloyd's of London underwriters will be allowed to rescind a policy issued to a holding company after a Florida federal judge agreed that the company made misrepresentations on its policy application, determining that the company had prior knowledge of potential claims against it.