Builder Hit With $8M Award Says Insurers Snubbed $1M Offer

Law360, New York (October 30, 2012, 1:24 PM EDT) -- A Florida construction company is suing three insurers over their refusal to settle a lawsuit concerning defective stucco installation that resulted in a $7.7 million negligence verdict against the company, according to a suit removed to Florida federal court Monday.

Professional Plastering & Stucco Inc. says that Admiral Insurance Co., National Fire and Marine Insurance Co. and Essex Insurance Co. declined settlement offers that would have resolved for less than $1 million a South Carolina suit accusing the company of botching the installation of stucco at...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.