Ill. Appeals Court Axes Insurers' Chicago Sewer Fight

Law360, New York (March 15, 2012, 4:41 PM EDT) -- An Illinois appeals court on Wednesday upheld a lower court decision and jury verdict that found the city of Chicago’s sewer system was not to blame for rainwater-flooded basements, saying Allstate Insurance Co. and other insurers hadn’t shown the ruling to be unreasonable.

The three-judge appeals panel rejected the insurance companies’ arguments that the city is not immune from takings claims under Illinois state law and that its implementation of a sewer inlet control system called Rainblocker caused raw sewage and stormwater to discharge into the...
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.