Everest Balks At Pipeline Defect Settlement Coverage

Law360, New York (April 30, 2012, 1:21 PM EDT) -- Everest National Insurance Co. told a Georgia federal judge Friday that it was not responsible for paying a construction company’s settlement costs in a contract dispute over faulty work on a natural gas pipeline running from Illinois to Indiana.

Everest moved to dismiss Latex Construction Co.’s March 15 suit seeking coverage in an underlying suit brought by Panhandle Eastern Pipe Line Co. LP, which contracted with Latex to replace 31 miles of underground natural gas pipeline. Panhandle claimed a segment of the new pipeline failed a...
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