July 25, 2014
The Sixth Circuit recently put an excess insurer on the hook for IMG Worldwide Inc.'s nearly $8 million defense bill in litigation over a failed real estate project, a decision that sends a warning to excess carriers with similar policy language to closely scrutinize primary carriers' coverage denials or else face unexpected costs.
July 15, 2014
The Sixth Circuit held Tuesday that Westchester Fire Insurance Co. must pay nearly $8 million to cover IMG Worldwide Inc.'s defense in litigation stemming from a failed real estate project, finding the excess insurer should have stepped in when a primary insurer wrongly denied coverage.