Markel Can't Budge Texas Justices In $6M Coverage Suit

Law360, Dallas (December 13, 2013, 8:56 PM EST) -- The Texas Supreme Court on Friday said it wouldn’t rehear an August decision that required Markel American Insurance Co. to pay out more than $6 million under an umbrella policy to home builder Lennar Corp. for home repairs the company had made without insurance approval.

Markel had argued on rehearing that the court’s opinion made the Texas insurance market less predictable and in effect nullified the effect of a commercial general liability policy’s contractual time period for continuing losses. The insurer said this would lead to significantly...
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