Wildfire Insurance Fight Belongs In Calif.: Judge

Law360, New York (December 13, 2011, 3:16 PM EST) -- A Texas federal judge on Monday tossed a coverage battle between Par Electrical Contractors Inc. and four insurers over litigation stemming from the 2007 San Diego County wildfires, ruling a California court was best-suited to hear the claims.

Ace Property and Casualty Insurance Co. had filed suit against Par, a company that provides electrical power infrastructure, seeking a declaration that it has no duty to defend or indemnify it in third-party actions launched after the wildfires allegedly caused $1 billion in damage. Fireman's Fund Insurance Co.,...
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.