Ala. High Court Finds No Coverage For Faulty Work

Law360, New York (May 7, 2013, 5:28 PM EDT) -- Alabama's Supreme Court ruled Friday that American Resources Insurance Co. Inc. did not have a duty to defend a contractor against allegations of faulty work, deciding there had been no "occurrence" under the contractor's liability policy.

The high court held that American Resources did not have to cover Shane Traylor Cabinetmaker LLC against counterclaims by R.L. Barbee Builders Inc., relying on its 2011 decision in Town & Country Property LLC v. Amerisure Insurance Co.

According to the high court, the Town & Country ruling made clear...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.