Sporting Goods Co. Sues Insurer Over $10M Damages Coverage

Law360, New York (October 31, 2012, 3:55 PM EDT) -- Wholesale sporting goods company Rhinox Inc. brought suit in California state court Tuesday alleging its insurer American Economy Insurance Co. has a duty to cover and indemnify it for $10 million in damages stemming from a judgment against Rhinox in an underlying suit.

Rhinox claims that AEIC wrongfully denied it coverage and refused to properly defend it in a November 2010 suit brought by Conrad Asher Licensing Group, which is the exclusive distributor and sales partner for Rhinox’s products, that accused Rhinox of disparaging the company...
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