NORWEGIAN HULL CLUB et al v. NORTH STAR FISHING COMPANY LLC et al
Nature of Suit:
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April 24, 2023
Various insurers led by Norwegian Hull Club must pay a fishing company and shipbuilder more than $23 million in additional coverage and prejudgment interest over a vessel severely damaged by Hurricane Michael, a Florida federal judge ruled, finding that their $77 million policy escalated coverage up to 25%.
March 13, 2023
A dispute brought by a group of insurers against a shipbuilder over a $77 million policy for a ship damaged by a 2018 hurricane will not be presented before a jury, a Florida federal court ruled, saying the insurers properly invoked maritime jurisdiction.
February 23, 2023
Insurers led by Norwegian Hull Club have convincing evidence that a blank space in the escalation clause of a $77 million policy they issued to a shipbuilder renders the clause unusable, they told a Florida federal court, pointing to negotiations between the parties while drafting the contract.
February 09, 2023
Neither a Florida fishing company nor its insurers are entitled to an early win in a dispute over the meaning of a blank space in an escalation clause in a $77 million policy for a damaged ship, a Florida federal judge said, finding the clause doesn't unambiguously support either side's position.
January 05, 2023
Insurers led by Norwegian Hull Club told a Florida federal court that they don't owe coverage beyond $77 million already paid out to a fishing company and shipbuilder for a boat damaged in a hurricane, arguing that a blank space in an escalation clause makes the clause unusable.
March 29, 2022
A fishing company and a shipbuilder whose nearly finished boat was damaged in a hurricane filed a $26 million counterclaim in Florida federal court over the meaning of an unfilled blank space in their policy with the Norwegian Hull Club.