Thursday July 17, Judge Murphy of the Eighth Circuit concluded that the doctrine of utmost good faith is a judicially established federal admiralty rule, thus preempting the application of state laws.
In February of 2011, The Mark Twain, a cement barge, sank to the bottom of the Mississippi River. Just four months prior, its owner, Continental Cement Co, applied to Starr Indemnity & Liability for a marine insurance policy to cover all of its barges. Continental, however, neglected to submit a 2008 general condition survey …
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