Earlier, Fidelis Insurance Bermuda Ltd. and its affiliates had pushed for this stay, arguing it was necessary to prevent inconsistent outcomes across various courtrooms, potentially leading to convoluted and lengthy appeals.
Aviation Co. Fights Delay Of Russian Planes Coverage Suit: Ongoing Legal Struggle and Claims of Bad Faith
The lawsuit, initiated by Carlyle in October 2022, encompasses several prominent U.S. and European insurers and underwriters. The crux of the dispute lies in the reappropriation of aircraft by Russian entities, with Carlyle alleging that claims made under Russian insurance policies have gone unpaid. This situation has triggered Carlyle’s contingent coverage clause, meant to provide financial protection should the primary insurance fail.
Steven Marks, representing Carlyle, accuses some defendants of bad faith, highlighting their refusal to honor the insurance claims, which has entrenched the legal battle deeply into the Floridian legal system.
Conclusion
As Carlyle and the insurers entrench themselves for a drawn-out legal confrontation, the outcome of this lawsuit could set a precedent for how international insurance disputes are handled post-conflict reappropriations. Carlyle insists on proceeding without delay, underlining their right to seek timely justice, as agreed upon in their Florida-law insurance contracts.
