January 25, 2024
A residential developer wrongly tapped into certain excess insurance, a California federal judge ruled Thursday, finding that the $3.2 million its primary insurer spent on defense costs in underlying construction defect litigation didn't count toward triggering a $10 million excess policy.
October 17, 2022
A group of residential home development and construction companies must reimburse AIG Specialty Insurance Co. for settlement amounts it paid to help resolve one of many construction defect suits and claims the companies face, the insurer told a California federal court Monday.