Yacht Insurers Sue Owners, Seeking Finding Of No Coverage For Flooding Incident

( July 2, 2025, 1:23 PM EDT) -- KEY WEST, Fla. — Insurers of a yacht sued the vessel’s owners and the bank listed as the loss payee in a Florida federal court, seeking a declaration that there is no coverage under the policy for a flood-related loss due in part to the insureds’ purported misrepresentations regarding their claim in the policy renewal questionnaire that they had complied with the fire extinguishing equipment warranty....