Former National Football League player Sharrif K. Floyd, whose career ended after knee surgery, sued Sompo International Holding Co. unit, The Doctors Co. unit, Marsh USA Inc. and USI Insurance Services LLC, suing for $10 million in insurance defaults. income.
The defensive lineman, who was a first-round pick in the 2013 NFL draft, was playing for the Minnesota Vikings in 2016 when he was injured and underwent a right knee arthroscopy at Andrews Institute Ambulatory Surgery Center LLC in Gulf Breeze. , Florida, according to the story. a lawsuit was filed on Tuesday.
The suit, Sharrif K. Floyd, individually and on behalf of Andrews Institute Ambulatory Surgery Center, LLC v. Endurance American Specialty Insurance Co., TDC Specialty Insurance Co., USI Insurance Services LLC, and Marsh USA Inc., was filed in U.S. District Court in Gainesville, Florida. Mr. accused Floyd’s arthroscopy effectively ended his career and he filed a lawsuit against the institute and others in state court.
According to the audit, the first insurance of the institute for the foundation year 2016-2017, a unit of Arch Capital Group Ltd. and was not a party to the suit, paid the $2 million initial limit. The settlement provided $25 million to the umbrella on a made-up basis, the suit states.
The consistency also provided more coverage for the 2017-2018 policy period, which Doctors Co. the first insurance, but the maximum limit was cut to $ 15 million. Doctors Co. also provided the $10 million in multiple insurances, the suit states. Marsh was the vendor for the 2017-2018 campaign but also included USI, the suit states.
The suit alleges the institute notified USI of the claim before the 2016-2017 policy ended and that the broker promptly notified Arch but did not notify Endurance of the claim before it expired. the policy.
The suit says the institute’s insurers paid only $17 million in insurance, leaving $10 million short of the $27 million in insurance Mr. Sharrif should be available. According to the audit, Endurance accepted insurance under the 2017-2018 policy with The Doctors Co. said that the insurance fell under the 2016-2017 policy.
The lawsuit seeks punitive damages against the insurers and accuses the brokers who handled the account of breach of contract and fiduciary duty and negligence.
Doctors Co. said. in a statement, “We have not had the opportunity to review the claim and it is not our practice to make a statement on the court.”
Others charged in the case had no comment or did not respond to a request for comment.