During a panel session on Friday, the Ninth Circuit illustrated their skepticism around the notion that an insurance company could be liable for a $7.5 million settlement for a shipwreck salvage expedition turned sour for a treasure hunter. A key topic of discussion was around the insurance coverage of accidents in the context of this case.
The intrigue of the case arises from the treasure hunter’s allegations against his former partners. He accuses them of deliberate obstruction of his venture by withholding crucial maps needed for the expedition. The panel seemed to lean towards the understanding that, if true, this would constitute an intentional act, rather than an inadvertent mistake covered under the shield of insurance.
Complex insurance disputes such as this continue to shape the understanding and precedent for cases involving deliberation and accident in the insurance world. More details of this ongoing case can be found in the comprehensive coverage provided by Law360.