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Monthly Archives: March 2014

24MAR 2014

In Intervest Constr. of Jax, Inc. v. General Fid. Ins. Co., 2014 WL 463309 (Fla. 2014), the Florida Supreme Court decided a matter of first impression certified to it by the Eleventh Circuit Court of Appeals holding that an insured was permitted to apply third-party indemnification payments towards its self-insured retention (“SIR”) obligation under a CGL policy. The Court further held that the subrogation “transfer of rights provision” within the CGL policy did not abrogate the common law “made whole doctrine.” While important decisions in their own right, the decisions are case and fact specific, requiring insurers and insureds to look to the terms of their own policies to determine their rights and obligations. Continue reading