When it comes to the state law barring insurance companies from providing fire insurance when delinquent taxes are owed on the property, the term “named insured” does not narrowly apply only to the property owners who owe the taxes, the U.S. Court of Appeals for the Third Circuit has ruled in a precedential decision.
The ruling, which was issued May 2, means a management company that operates a historic site in Crawford County will not be able to fully recover what it was seeking after a venue on the site burned down. The decision reversed a ruling from the U.S. District Court for the Western District of Pennsylvania, which had held that the term “named insured” applies only to the property owners.
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