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...
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