The Florida court is right. The need to show that a breach of warranty by an insured is a proximate cause of the loss, assure that underwriters will price coverage realistically and not low-ball quoted premiums in the expectation of being able to jump off claims by virtue of a long list of insured’s warranties, the meaning of which may not be totally clear. Good reporting, Peter.
The Florida court is right. The need to show that a breach of warranty by an insured is a proximate cause of the loss, assure that underwriters will price coverage realistically and not low-ball quoted premiums in the expectation of being able to jump off claims by virtue of a long list of insured’s warranties, the meaning of which may not be totally clear. Good reporting, Peter.