GE Says Insurer Can’t Duck Defective Microwave Defense

Law360, New York (December 1, 2014, 2:06 PM EST) -- General Electric Co. has slapped LIG Insurance Co. Ltd. with a suit in New Jersey federal court alleging the insurer acted in bad faith by refusing to cover hundreds of thousands of dollars in defense costs in a proposed class action accusing GE of selling defective microwave ovens.

GE’s Nov. 25 complaint claims the Korea-based insurer initially funded a portion of the defense costs in the underlying litigation, but has since said it will not cover additional costs and has refused to provide GE with a copy of the relevant insurance policy.

“LIG acted deliberately, willfully and wantonly, and with malice...

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