US To Pay $9.1M To Insurers Over Faulty Dam Plans

Law360, New York (May 6, 2011, 7:46 PM EDT) -- Fireman's Fund Insurance Co. and several other insurers announced Thursday the U.S. will pay them $9.1 million to settle a breach of contract suit against the U.S. Army Corps of Engineers stemming from faulty construction plans for an Arkansas dam.

The U.S. Court of Federal Claims had handed an $8 million judgment to the insurers in May 2010, ruling the federal government was liable for not providing the proper concrete mixture for the project, but was not responsible for problems with the labor force available in...
To view the full article, register now.