Excess Insurer Not Liable For $14.5M Consent Judgment In Mold Coverage Suit

Mealey's (January 17, 2023, 10:05 AM EST) -- FORT LAUDERDALE, Fla. — A Florida federal judge granted a motion for summary judgment in favor of an excess insurer in a mold damage coverage suit after determining that the excess insurer cannot be held liable for a $14.5 million settlement reached between the insured and the insured’s assignee because the insurer never denied coverage, the insured breached its duty to cooperate and no reasonable jury could conclude that the settlement was reasonable....