Judge Rejects Argument That Primary Policy’s $400M Flood Sublimit Is Inapplicable

LOS ANGELES – A California federal judge on July 27 rejected a global defense contractor insured’s contention that a primary policy’s flood sublimit does not apply to storm surge losses caused by a “Named Windstorm,” further finding that the insurer failed to signify when it wished to include related time element loss with respect to the flood sublimit (Northrop Grumman Corporation v. Factory Mutual Insurance Company, No. CV 05-08444 DDP [PLAx], C.D. Calif.; 2011 U.S. Dist. LEXIS 81926; See August 2008, Page 5).
Full story on lexis.com
Go to Source

Leave a Reply

  • (will not be published)