AIG Unit Can't Exit Early From $69M Wildfire Coverage Suit

Law360, New York (April 1, 2013, 7:14 PM EDT) -- A California federal judge on Friday tossed a bad faith claim but denied a quick overall win to an American International Group Inc. unit contesting coverage of a $69 million award in lawsuits blaming a water district for property damage from a 2008 fire.

Rejecting a partial summary judgment motion, U.S. District Judge Andrew Guilford refused to hold that an exclusion for inverse condemnation in The Insurance Co. of The State of Pennsylvania's $19 million excess policy clearly barred coverage for the multimillion-dollar judgment against the...
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