$1M In Hotel Damage Wasn't Due To Hurricane, Insurer Says

By John Kennedy (October 18, 2018, 8:43 PM EDT) -- Hurricane Irma didn't cause more than $1 million in damage to part of a Florida hotel, a subsidiary of insurance company MS Amlin said Wednesday, arguing that most of the issues existed long before the September 2017 storm or were the result of shoddy construction work.

London-based MS Amlin Corporate Member Ltd. sued policyholders SoHo Realty LLC and Yahav Enterprises LLC in Florida federal court seeking findings that it doesn't have to cover the damage, that its appraisal was correct and that the property owners' appraiser isn't impartial. The MS Amlin unit underwrote the defendants' insurance policy.

"Underwriters' investigation has concluded...

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