Sewage Board, Insurer Settle Coverage Dispute

Law360, New York (June 7, 2011, 4:06 PM EDT) -- A New Orleans municipal body has settled with Lexington Insurance Co. over coverage for third-party liability costs related to a $400 million deal with the U.S. over raw sewage discharges into the Mississippi River and Lake Pontchartrain, according to court papers filed Tuesday in Louisiana.

In a settlement conference order, U.S. Magistrate Judge Karen Wells Roby said the insurer and the Sewerage & Water Board of New Orleans had reached an agreement and set up a conference for Wednesday to place the settlement on the record....
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