Insurer Wants Out Of Real Estate Fight With Cannabis Co.
By Sarah Jarvis (September 28, 2021, 7:32 PM EDT) -- An Arizona-based insurance company filed suit Tuesday to try to get out of paying for the defense of its policyholder, a commercial landlord facing a separate suit for allegedly charging excessive rent and wrongfully evicting a cannabis company in California.
Mesa Underwriters Specialty Insurance Co., or MUSIC, told a California federal court that a liability insurance policy it issued to Avjog Investments LLC doesn't cover the claims the landlord is facing in a California state court from the cannabis business Kannibox and related entity MxM Visions LLC. MUSIC said among other things that under its policy with Avjog, coverage for wrongful...
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