Home | Business News | Browse by Publication | B | Business Insurance

Deal cut without insurer consent warrants zero coverage; Court rules against Jacksonville, Fla., in $75 million settlement.

Publication: Business Insurance
Publication Date: 05-MAY-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: Deal cut without insurer consent warrants zero coverage; Court rules against Jacksonville, Fla., in $75 million settlement.(News)(Continental Casualty Co. and Transportation Insurance Co.)

Article Excerpt
Byline: DOUGLAS McLEOD

ATLANTA-A liability insurer for Jacksonville, Fla., has no obligation to cover a $75 million pollution settlement because the city kept the insurer in the dark about settlement talks and agreed to the deal without the insurer's consent, a federal appeals court has ruled.

Affirming a lower court's order, a panel of the 11th U.S. Circuit Court of Appeals found that the city breached a policy provision requiring it to cooperate with Transportation Insurance Co. in litigation with thousands of city residents over alleged injuries from the incineration of lead, arsenic and other contaminants at city dump...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Business Insurance
Extended cover laws burden employers; Adult dependent mandates create ..., May 05, 2008
On the web., May 05, 2008
Online Poll at www.businessinsurance.com.(Opinions), May 05, 2008

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.