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Insured Had No Insurable Interest In Property, Judge Holds

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BIRMINGHAM, Ala. - An Alabama federal judge on March 28 granted a commercial and general property insurer summary judgment in a declaratory judgment action arising from a fire loss claim, finding that the insured did not have an insurable interest in the property (Nationwide Mutual Fire Insurance Co. v. Guster Law Firm, LLC, et al., No. 2:11-cv-1183-AKK, N.D. Ala.; 2013 U.S. Dist. LEXIS 45767)....(read more)

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