A potentially landmark ruling from the Florida Supreme Court, which liability insurers had hoped would greatly expand how much they can recover in subrogation actions, will have to wait for another day.
In the closely watched NBIS Construction and Transport Insurance Services vs. Liebherr-American Inc., a federal appeals court had asked the state high court to clarify the meaning of “economic loss.” But the case settled this month, just days before the justices were set to hear oral arguments.
Attorneys involved in the case could not disclose the terms of the settlement. But the lead lawyer for NBIS, the insurer for a construction crane operator, said t