Paraco Gas Corporation et al v. Ironshore Idemnity, Inc.
Case Number:
7:22-cv-05557
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June 22, 2023
Insurer Scores Exit From Gas Co.'s Family Shareholder Row
Liberty Mutual does not have to provide coverage to Paraco Gas Corp. and its executives in a family shareholder dispute, a New York federal judge ruled Thursday, agreeing with the insurer that a contract exclusion provision in the policy bars coverage.
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June 30, 2022
Insurer Must Cover Family Shareholder Dispute, Gas Co. Says
Paraco Gas Corp. said a Liberty Mutual unit must cover the company and its executives for what they spent to defend and settle a family shareholder dispute, telling a New York federal court that the insurer is breaching the terms of a directors and officers policy.