National Union Off Hook For Faulty Parts Claims: 5th Circ.

Law360, Washington (November 30, 2011, 7:27 PM EST) -- The Fifth Circuit on Monday ruled that National Union Fire Insurance Co. of Pittsburgh, Pa., had no duty to defend Puget Plastics Corp. against claims that it produced faulty plastic parts that were incorporated into Microtherm Inc. water heaters.

National Union sued Puget in 2005 seeking a declaration that it does not owe Puget the costs of defending an underlying lawsuit Microtherm filed against Puget over the faulty parts, saying Puget could not establish that there was an occurrence covered under the National Union policy at...
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.