Zurich American Insurance Company v. Medical Properties Trust, Inc.

  1. December 19, 2023

    1st Circ. Sends Flood Coverage Row To Mass. Justices

    A First Circuit panel kicked an issue regarding the application of flooding sublimits in property insurance policies to the Massachusetts Supreme Judicial Court on Tuesday, after it found no case law guidance to resolve the novel issue about the legal definition of "surface waters."

  2. October 20, 2022

    Zurich Gets Partial Win In REIT Flood Coverage Dispute

    A Massachusetts federal court handed Zurich American Insurance Co. a partial win in its battle with a real estate investment trust, finding that a $100 million sublimit in the trust's insurance policy applies to its $265 million thunderstorm damage claim.

  3. April 04, 2022

    REIT Fights Insurer's Limits For Flood Damage At Hospital

    A real estate investment trust focused on medical facilities told a Massachusetts federal court that coverage for water damage to the upper floors of a Boston-area hospital shouldn't be restricted to the $100 million flood sublimit in its Zurich American Insurance Co. policy.

  4. October 05, 2021

    Zurich Says Hospital Tried To Bypass Flood Coverage Limits

    Zurich American Insurance Co. asked a federal court to sink a hospital's claim that it is entitled to more than $250 million in coverage for flood and storm damage, claiming it is attempting to modernize its facility "under the guise of a property insurance claim for flood damage."