A Louisiana federal court dismissed a proposed class action from two homeowners attacking the depreciation method GeoVera Specialty Insurance Co. used over their Hurricane Ida property damage claims, noting the homeowners previously sued the insurer over related claims and settled thereafter.
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Hyundai, Kia Drivers Get Green Light On $145M Car Theft Deal
By Gina Kim
A California federal judge said Monday he will preliminarily approve a $145 million settlement resolving claims by Hyundai and Kia drivers who alleged they suffered losses arising from design flaws that led to car thefts from a method popularized on TikTok and other social media platforms.
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Unit Exclusion Too Vague To Bar Coverage, Contractor Says
By Riley Murdock
A Florida general contractor is urging a federal court not to hand Nautilus Insurance Co. an early win in the insurer’s bid to escape coverage for a more than $1 million faulty construction dispute, arguing that an exclusion in the policies is too vague to apply.
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Insurer Must Defend Faulty Construction Suit, Contractor Says
By Elizabeth Daley
A contractor is taking its insurer on in Florida federal court, seeking coverage for over $104 million in underlying litigation from a retail center and others accusing it of defective construction in a $1.05 billion Miami mixed-use development.
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