Law360, Los Angeles (March 8, 2016, 7:48 PM ET) — The Florida Supreme Court will hear arguments Thursday on whether a newer, more restrictive definition of “covered claim” applies to sinkhole losses if an insurer issued a policy before the definition went into effect but was later declared insolvent, and its answer could affect potentially millions of dollars’ worth of policyholder claims.
Here, Law360 reviews the case in anticipation of oral arguments.
What’s at Stake
The Florida high court accepted the Second District Court of Appeals’ invitation to review a ruling reversing a judgment in favor…
Read the full article at: http://www.law360.com/articles/768079/fla-justices-weigh-insolvent-insurers-sinkhole-coverage