$10M Settlement Didn't Damage Bike Tour Co., Court Finds
Law360 (June 3, 2021, 7:59 PM EDT) -- A cycling tour company didn't suffer damages when it entered into a $10 million settlement with an injured cyclist, a Pennsylvania appeals court ruled Thursday in a decision that released the company's insurance broker from the dispute.
Bike touring nonprofit Bike & Build didn't incur damages when it settled with cyclist Bridget Anderson because ultimately it wasn't responsible for paying the $10 million judgment, the Pennsylvania Superior Court found. Anderson had alleged that Bike & Build's insurance broker failed to obtain insurance policies that protected the nonprofit against the risk of personal injuries sustained by cyclists on its tours.
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