Aviation Cos., Insurers Settle $20M Plane Damage Suit

Law360, New York (December 7, 2011, 3:32 PM EST) -- WM Aviation LLC and Tricor International Corp. on Monday agreed to resolve their suit in Florida federal court seeking nearly $20 million in coverage from U.S. Aircraft Insurance Group and three other insurers for damages that a plane sustained during a 2008 runway accident.

U.S. District Judge Mary S. Scriven entered an order directing administrative closure of the dispute, pursuant to the parties' Nov. 23 joint notice of settlement of all claims and counterclaims in the suit against insurers USAIG, U.S. Aviation Underwriters Inc., Liberty Mutual...
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