SAP Sues Insurer Over $18M Liability From $80M Settlement

Law360, Philadelphia (August 17, 2012, 7:05 PM EDT) -- SAP America Inc. has sued a Swiss Re unit for failing to indemnify the company for its share of an $80 million settlement in litigation over software it sold to Waste Management Inc., in a case that was removed to Pennsylvania federal court Friday.

SAP contends Swiss Re International SE is dodging its responsibility to honor an excess liability policy that provides a maximum of €15 million ($18.4 million) in coverage, even though the primary insurer and first two excess liability insurers have already paid the...
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