Flooded Mall Hits Insurers With $150M Coverage Suit

Law360, New York (September 15, 2010, 4:45 PM EDT) -- Opry Mills Mall Limited Partnership has slapped Zurich American Insurance Co., Arch Insurance Co. and other insurers with a breach of contract suit alleging they shirked their obligation to provide $150 million in coverage for flood damage to Nashville's Opry Mills mall.

Opry Mills, Simon Property Group LP and Landesbank Hessen-Thuringen Girozentrale filed their complaint in the Chancery Court for Davidson County, Tennessee, on Tuesday.

Opry Mills owns and operates the mall, Simon Property is the first named insured under the policies at issue, and Landesbank...
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