Tennessee Panel Reverses $200M Judgment Against Insurers In Flood Dispute

(January 30, 2018, 12:30 PM EST) -- NASHVILLE, Tenn. — A Tennessee appeals panel on Jan. 26 reversed a lower court’s finding that insureds’ policy limits were $200 million in a breach of contract lawsuit arising from a May 2010 Nashville flood, finding that the $50 million sublimit applies because the insured property is partially located within one of the zones listed under the policy’s High Hazard Flood Zones (Opry Mills Mall Limited Partnership, et al. v. Arch Insurance Company, et al., No. M2016-01763, Tenn. App., 2018 Tenn. App. LEXIS 40)....

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