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Great American Insurance Co. of New York v. Nationwide Mutual Insurance Co.

Court: Tx 9-Beaumont  02/09/2023  Insurers' Settlement Agreement Void Under the Uniform Condominium Act

The Court found that a provision in Uniform Condominium Act requiring an insurer for a condominium association to waive its right of subrogation against a unit owner precludes the insurer from seeking reimbursement from an insurer for a unit owner and therefore, a settlement agreement between a unit owner's insurer and the condominium's insurer was void as a matter of public policy.

commercial property insurance, Uniform Condominium Act, subrogation, settlement agreement, public policy, waiver of subrogation,

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