Swiss Re, Berkshire Units Tussle Over Home Defects

Law360, New York (October 25, 2010, 2:27 PM EDT) -- Two Swiss Re units want a Berkshire Hathaway Inc. affiliate to help pay for five underlying lawsuits alleging that about 250 homes and an apartment complex made by four builders insured by both companies suffered from various construction defects.

North American Specialty Insurance Co. and North American Capacity Insurance Co. filed their lawsuit Friday in the U.S. District Court for the District of Nevada, seeking to force National Fire & Marine Insurance Co. to cover its share of defense costs and indemnity.

The complaint itself did...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.