Law360, New York (January 05, 2012, 8:46 PM ET) -- The Ninth Circuit on Thursday asked California's Supreme Court to weigh in on key issues in Sierra Pacific Power Co.'s suit seeking insurance coverage for the full $19.8 million cost of rebuilding a hydroelectric dam destroyed by a 1997 flood.
Sierra is appealing a lower court's finding that the actual cash value of the Farad Dam in California was only $1.2 million, in its suit seeking coverage from its insurers Hartford Steam Boiler Inspection and Insurance Co. and Zurich American Insurance Co.
Key to the appeal...
9th Circ. Seeks Calif. High Court's Take On $20M Dam Suit
To view the full article, take a free trial now.
