Risky Business: Pursuing Indemnity Rights

Law360, New York (September 10, 2009, 5:28 PM EDT) -- After a long weekend away at the beach, Mr. and Mrs. Homeowner come home to find their dream house flooded because a faucet in their upstairs bathroom failed, dumping several thousand gallons of water into their home. The damage is so bad that the house must be condemned.

Mr. and Mrs. Homeowner’s insurance company investigates the loss and determines that the faucet failed because of a manufacturing defect. The insurance company then asserts a claim against your client, the manufacturer of the faucet.

Because your client...
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