Insurer sues to escape D&O policy, alleges insured hid felon majority owner


That, in essence, is the story Texas Insurance Company tells in a declaratory judgment action filed on May 7, 2026, in the US District Court for the Southern District of Florida. The carrier is asking a federal judge to wipe out a Private Management Liability policy it issued to Miami-based Sun Africa, LLC, along with its additional named insured, UGT Renewables, LLC – and to confirm it owes nothing toward a Delaware Court of Chancery fight where the damages sought top $7 million. 



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