Calif. Court Reverses State Farm's Win Against Developer

Law360, New York (September 23, 2013, 7:08 PM EDT) -- A California appeals court on Friday nixed State Farm General Insurance Co.'s victory in a coverage battle with a real estate developer over alleged construction defects at two housing developments.

The court reversed a lower court ruling that excused State Farm from defending McMillin Management Services LP and others against a lawsuit claiming that drainage defects damaged homes at the developments in Bakersfield, Calif.

State Farm fought providing coverage to McMillin under a liability policy that it issued to DeLeon Enterprises, which installed rain gutters on...
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.