Insureds Seek Partial Reconsideration In Suit Over Fire Suppression Leak Coverage

Mealey's (May 25, 2023, 2:07 PM EDT) -- TAMPA, Fla. — While a federal judge in Florida correctly ruled that several leaks discovered in a fire suppression system over a period of time are considered one “occurrence” under a plain reading of builders risk policies issued by two insurers, the judge erred in finding that two deductibles applied — one for the original policy period and one for an extension of the policy period, a property owner and its general contractor argue in a May 24 motion for partial reconsideration....