Insurer Can't Recoup $5M Payout To Builder: 3rd Circ.

Law360, New York (March 25, 2009, 12:00 AM EDT) -- Weighing in on a dispute over a $5 million insurance payout, an appeals court backed the lower court’s decision to bar St. Paul Fire and Marine Insurance Co. from seeking reimbursement from a contractor for damages during construction of a landmark building in Philadelphia.

Judges Anthony J. Scirica, Thomas L. Ambro and D. Brooks Smith of the U.S. Court of Appeals for the Third Circuit affirmed the lower court’s grant of summary judgment to Turner Construction Co., holding that St. Paul lacked subrogation rights to assert...
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