No Reimbursement Owed For Self-Insured Retention Payments, 11th Circuit Says
(March 10, 2016, 8:35 AM EST) -- ATLANTA — Having satisfied its self-insured retentions (SIR) under its insurance policies for three underlying construction defect lawsuits, an insurer correctly defended and paid settlements, the 11th Circuit U.S. Court of Appeals affirmed March 7, finding that an insured is not entitled to reimbursement of the SIR payments (Summit Contractors Inc. v. Crum & Forster Specialty Insurance Co., No. 15-11051, 11th Cir.; 2016 U.S. App. LEXIS 4230).
(Opinion available. Document #69-160401-004Z.)
Summit Contractors Inc. served as the general contractor on three apartment projects in Orlando, Fla....