Insurer Escapes Ala. City Defense in Hyundai Land Suits

Law360, New York (September 9, 2013, 6:46 PM EDT) -- An Alabama judge ruled Monday that Landmark American Insurance Co. has no obligation to defend a city of Montgomery development board in two class actions accusing it of failing to honor price guarantees for land set to become a Hyundai manufacturing plant.

U.S. District Court Judge Wallace Capel Jr. granted summary judgment to Landmark after determining that a policy issued to the Industrial Development Board of the city of Montgomery contained an exclusion barring coverage for claims related to “the terms, conditions or warranties of any...
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