Gibson Gets Insurer's Flood Damage Suit Plucked

Law360, Washington (September 8, 2011, 7:26 PM EDT) -- A New York federal judge on Wednesday tossed a suit brought by Gibson Guitar Corp.'s insurer seeking to dodge responsibility for covering a flood at Gibson's Nashville, Tenn., headquarters that caused millions in damage and destroyed the original guitars of many famous musicians.

Mitsui Sumitomo Insurance USA Inc. sued the guitar giant in January in search of a declaratory judgment that it was not obligated to pay for any losses at the two Gibson facilities in question. One was not covered by Mitsui's policy for Gibson,...
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