Mealey's Insurance - Federal Judge: No Excess Insurance Coverage For Construction Defects Award

Mealey's Insurance - Federal Judge: No Excess Insurance Coverage For Construction Defects Award

PHOENIX - No coverage exists under excess insurance policies issued to a bankrupt contractor for a construction defects arbitration award entered in favor of a homeowners association because the allegations do not state that the damage occurred during the policy periods, an Arizona federal judge ruled May 9 (Pinnacle Pines Community Association v. Everest National Insurance Co. and Chartis Specialty Insurance Co., No. 12-08202, D. Ariz.; 2014 U.S. Dist. LEXIS 65011).

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