Calif. Appeals Court Revives $5M Coverage Suit

Law360, New York (December 23, 2010, 3:00 PM EST) -- A California appeals court has found that Equinox Insurance Co. may be on the hook for Atlantic Mutual Insurance Co.’s $5 million settlement even though it already paid $15 million on behalf of Electrolux in litigation over an allegedly faulty stove, and remanded the case to trial.

On Wednesday, the California Appeals Court for the Second District, Division Eight, concluded that Equinox’s policy for Electrolux potentially covers the department store that sold the allegedly defective range, obligating Equinox to cover the $5 million settlement paid by...
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