Judge: Insured Failed To Satisfy SFIP’s Condition Precedent In Tidal Water Suit

Mealey's (July 11, 2018, 11:26 AM EDT) -- PORTLAND, Ore. — An Oregon federal judge on June 28 found that an insured failed to satisfy a condition precedent of its Standard Flood Insurance Policy (SFIP), finding in favor of an insurer in a coverage dispute over the insured’s alleged $396,234.92 in supplemental damage caused by tidal waters (Surfsand Resort LLC v. Nationwide Mutual Fire Insurance Company, et al., No. 17-00866, D. Ore., 2018 U.S. Dist. LEXIS 108873)....