STORY FROM: Reinsurance & Arbitration
Risk Management Pool Moves for Summary Judgment in Lawsuit Against Munich Re
March 5, 2019
TAMPA, Fla. — A Florida risk management pool has moved for summary judgment in its action seeking nearly $1 million from Munich Reinsurance America Inc. for its settlement of an underlying lawsuit filed against the City of St. Pete Beach.
In a motion filed in the U.S. District Court for the Middle District of Florida, Public Risk Management of Florida alleges it was obligated to provide coverage to the City for a claim accusing it of violating property owners’ 4th Amendment rights and, in turn, Munich is required to provide reimbursement under the reinsurance contract.
PRM is a self-insured intergovernmental ...
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