Colo. Court Nixes Excess Insurer's Win In Drywall Suit

Law360, New York (September 6, 2012, 2:13 PM EDT) -- A Colorado appeals court on Thursday snatched away Fireman's Fund Insurance Co.'s victory in an indemnification dispute with Probuild Holdings Inc. over a nearly $2 million settlement of claims that Probuild supplied defective Chinese drywall.

Fireman's Fund is one of seven insurers that Probuild Holdings and Probuild Co. LLC targeted in the coverage suit, but the other carriers have already settled with the drywall supplier. The appeals court revived Probuild's indemnification claims against Fireman's Fund after determining a Boulder County judge erroneously held that Probuild's earlier...
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