Gas Accumulation Did Not Qualify As An 'Event' To Trigger Coverage, Judge Rules

DENVER - Because an insured's commercial general liability policies expired eight years before the occurrence of a gas explosion for which it was found liable, a Colorado federal judge on Jan. 30 held that the CGL providers did not have a duty to defend or indemnify their former policyholder in a resulting negligence lawsuit (Prospect Resources Inc. v. St. Paul Fire & Marine Insurance Co., et al., No. 1:10-cv-01739, D. Colo.; 2012 U.S. Dist. LEXIS 10257). Full story on lexis.com