Insurer Can't Avoid Covering $8M Pipeline Defect Settlement

Law360, New York (November 9, 2012, 5:04 PM EST) -- A Georgia federal judge on Thursday rejected a bid by Everest National Insurance Co. to escape coverage of a construction company’s $8 million settlement in a contract dispute over faulty work on a natural gas pipeline running from Illinois to Indiana.

U.S. District Judge Richard Story determined that Georgia law does not allow Everest to elude coverage by simply claiming its policy with Latex Construction Co. contains an exclusion for breach of contract claims so long as Latex asserts there are factual contentions in the dispute...
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.