Travelers Can't Duck $11.5M Construction Damage Coverage

Law360, New York (May 23, 2013, 6:34 PM EDT) -- A Colorado federal judge on Thursday refused to let Travelers Insurance Co. avoid covering a construction company's $11.5 million property damage settlement with a homeowner's association, ruling that Travelers could not show that the firm is an exempt commercial policyholder.

Rejecting Travelers' motion for summary judgment, U.S. District Judge Lewis T. Babcock said that Okland Construction Co. may not have utilized a risk manager and cannot be considered exempt at this phase of the proceedings.

Travelers had argued that Okland relied on Arnett Insurance Services LLC...
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.