Flood Sublimit Caps Insured’s Recovery For Building Damage, 4th Circuit Affirms

Mealey's (January 11, 2022, 4:24 PM EST) -- RICHMOND, Va. —The Fourth Circuit U.S. Court of Appeals on Jan. 6 affirmed a lower federal court’s finding that an insurance policy’s $50,000 flood sublimit applies to an insured’s claim for damage to two of its buildings following rainfall that created a flash flood in Maryland, finding that the “anti-concurrent causation” clause made all of the insured’s damage subject to the policy's flood sublimit....