Final Judgment In Marine Insurance Coverage Dispute Issued In Favor Of Insurer

(April 7, 2022, 4:34 PM EDT) -- ST. THOMAS, Virgin Islands — A federal judge in the Virgin Islands on March 15 entered default judgment in favor of an insurer in a declaratory judgment action seeking a determination that assureds breached their express warranty under the terms of a marine insurance policy, ruling that the policy was null and void at inception because the assureds mispresented in the insurance application that their vessel would be captained only by a covered person and would not be subject to bareboat charters....