NYMagic Can’t Revive $6M Injury Coverage Row In 5th Circ.

Law360, Chicago (September 10, 2012, 5:40 PM EDT) -- The Fifth Circuit on Friday affirmed National Union Fire Insurance Co.’s quick win in New York Marine & General Insurance Co.’s suit over coverage liability for a steel company’s $6 million settlement with a worker injured in a shipping accident.

On the case's third round at the Fifth Circuit, a three-judge panel found that a Louisiana federal court had correctly concluded that an earlier appellate ruling, which said that a subcontractor exclusion in the policy NYMagic issued to Bayou Steel Corp. did not apply, defeated that...
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