Summary Judgment Granted For Insurer In Row Over Overvalued Sunken Fishing Boat

(January 25, 2024, 10:23 AM EST) -- FORT LAUDERDALE, Fla. — A Florida federal judge granted summary judgment to a commercial marine insurer seeking a declaratory judgment that it did not need to provide coverage for a fishing vessel it believes was intentionally sunk, finding no remaining issues of material fact that the insured made material misrepresentations in the policy application, including overvaluing the vessel by more than $35,000....