Magistrate Recommends Granting Judgment For Insurer In Yacht Fire Coverage Dispute

(January 31, 2024, 9:56 AM EST) -- MIAMI — A Florida federal magistrate judge issued a report and recommendation advising granting summary judgment for a marine insurer seeking a declaratory judgment that it is not obligated to cover its insured’s loss related to fire damage of an 85-foot yacht, finding that because the insured made material misrepresentations in the policy application, the insurer is entitled to a ruling that the policy is void and there is no coverage....