A trio of federal judges from the U.S. Court of Appeals for the Eleventh Circuit ruled that a lower court jury verdict should stand, enabling a North Miami midrise apartment complex to collect on $9.28 million owed from an insurance company that denied coverage years ago.
Attorneys say the amount is nine times what the Florida litigation could have settled for six years earlier.
Rockhill Insurance Co., the defendant and counter claimant-appellant, refused the claim because it determined that the hurricane caused only minor damage to the property, and that the cost of any repairs was less than the insurance policy's deductible, court records show.