Texas High Court Finds Coverage For $6M Voluntary Payments

Law360, New York (August 23, 2013, 8:39 PM ET) -- The Texas Supreme Court on Friday unanimously upheld a jury verdict that put Markel American Insurance Co. on the hook for the more than $6 million Lennar Corp. voluntarily spent to replace defective imitation stucco siding.

Parting ways with the intermediate appeals court, the Texas high court found that Markel's $25 million umbrella policy should foot the cost of Lennar's remediation program even though the homebuilder offered to repair the homes without first getting the insurer's blessing.

According to the ruling, Markel must still provide coverage...
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