05/31/2022
A panel of the 11th Circuit Court of Appeals reversed the US District Court jury’s finding that Safeco Insurance had breached the terms of an indemnity agreement with Comegys Insurance Agency in St. Petersburg. The jury had awarded damages to Endurance American Specialty Insurance Co., Comegys’ errors and omissions carrier, after Endurance paid a $1.5 million settlement to a wealthy policyholder whose automobile had caused the death of a motorcyclist.
A federal appellate court threw out a Florida jury verdict that would have required a Liberty Mutual unit to pay $1.6 million in damages for failing to