Fire Suppression System Leaks Were 1 Occurrence Under Builders Risk Policies

Mealey's ( March 15, 2023, 2:06 PM EDT) -- TAMPA, Fla. — A federal judge in Florida ruled that insureds are entitled to summary judgment on their claims that several leaks discovered in a fire suppression system over a period of time are considered one “occurrence” under a plain reading of two builders risk policies and that, as a result, a majority of the claims made in response to the leaks are subject to just one deductible....