(June 4, 2024, 4:46 PM EDT) -- JACKSON, Miss. — The Mississippi Supreme Cout unanimously affirmed a lower court’s grant of summary judgment in favor of an “all-risk” insurer in a shipbuilder insured’s breach contract lawsuit seeking to recover the $3.3 million it paid to replace and repair cracked steel flange plates that were installed on two of its ships, finding that the defective materials were installed due to faulty workmanship; the insured sought coverage exclusively for the costs of repairing and replacing the defective materials and the policy unambiguously excludes the cost or replacing or repairing defective materials....