Underwriters of Lloyds of London v. Cape Publications, Inc.

The issue in this appeal is whether Underwriters of Lloyds of London (hereafter “Lloyds”) is precluded from bringing a subrogation action because Cape Publications, Inc.’s commercial lease evidenced an intent that it be considered a beneficiary or co-insured under the property and casualty insurance policy maintained by Harry and Wendy Brandon (hereafter “Bran-dons”). We review the issue de novo and affirm. See Volusia County v. Aberdeen at Ormond Beach, L.P., 760 So.2d 126 (Fla.2000).

Cape Publications leased commercial office space in a building owned by the Bran-dons. The Brandons insured…