Settlement Reached In Yacht Coverage Row Involving Captains’ Alleged Convictions

Mealey's (February 24, 2023, 10:11 AM EST) -- MIAMI —  After parties filed a joint notice of settlement, a Florida federal judge issued an order closing an insurer’s suit seeking a determination that it owes no coverage to a yacht charter company in a separate state court action because the insurance policy issued to the company is void, in part, due to the company’s omission in its insurance application of two of the captains’ alleged criminal convictions....