Filling In The Gaps For Excess Insurance Coverage

Law360, New York (April 26, 2012, 1:25 PM EDT) -- On March 12, 2012, the United States District Court for the Eastern District of Virginia ruled in Maximus Inc. v. Twin City Fire Ins. Co., 2012 U.S. Dist. LEXIS 32970 (E.D. Va.), that an insured subcontractor properly exhausted its primary coverage and first two layers of excess coverage by using its own money to fill coverage gaps left after it settled its coverage claims with its lower-tier insurers for less than full policy limits.

Background

Maximus Inc., a “provider of health and human services programs,” purchased...
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.