Judge Denies Judgment For Insurer, Cites Failure To Disclose $11.5M Rescission

Mealey's (December 22, 2022, 12:01 PM EST) -- TAMPA, Fla. — A Florida federal judge denied a property insurer’s summary judgment motion but granted Certain Underwriters at Lloyd’s, London’s final summary judgment motion in a dispute over Lloyd’s duty to defend the insurer in underlying lawsuits, finding that the policy Lloyd’s issued to the insurer “is due to be rescinded” because the insurer failed to disclose its investors’ threats to rescind their $11.5 million investment....

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