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DADE COUNTY v. AMERICAN RE-INS. CO.

No. 84-1511.

467 So.2d 414 (1985)

DADE COUNTY, a Political Subdivision of the State of Florida, Appellant, v. AMERICAN RE-INSURANCE COMPANY, a Delaware Corporation Doing Business in the State of Florida, Appellee.

District Court of Appeal of Florida, Third District.

April 9, 1985.

Attorney(s) appearing for the Case

Robert A. Ginsburg, Co. Atty., and John E. Finney and Gary Oldehoff, Asst. Co. Attys., for appellant.

Fowler, White, Burnett, Hurley, Banick & Strickroot and Michael A. Mullen, Miami, for appellee.

Before HENDRY, NESBITT and FERGUSON, JJ.

NESBITT, Judge.

Dade County (Dade) appeals a final summary judgment entered for American Re-Insurance Company (American) on an insurance contract dispute. We reverse in part.

The facts in this case are undisputed. By an indemnity insurance contract, American indemnified Dade for losses in excess of $100,000 at a standard premium rate of $1.50 per $100 of transit revenue.1 The contract provided for annual accountings and adjustments...

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