Mealey's Insurance - Insurer's Denial Of Coverage For Faulty System Was Not Vexatious, Magistrate Concludes

CHICAGO - An insurer's initial denial of coverage for damage to a defectively designed earth retention system (ERS) was not vexatious or unreasonable, an Illinois federal magistrate judge ruled March 17, granting summary judgment to the insurer on a claim that it violated Section 155 of the Illinois Insurance Code, 215 Illinois Compiled Statutes 5/155 (One Place Condominium LLC, et al. v. Travelers Property Casualty Company of America, No. 11-2520, N.D. Ill.; 2014 U.S. Dist. LEXIS 33974).

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