Judge: Primary Insurer Owes Excess Insurer $7.9M In Underlying Defense Costs

Mealey's (September 1, 2015, 1:29 PM EDT) -- CLEVELAND — An Ohio federal judge held Aug. 28 that a primary insurer is liable under the principles of equity to reimburse an excess insurer for the $7,996,655.57 in defense costs it was ordered to pay to their insured in connection with an underlying lawsuit arising from a failed real estate project in Orlando, Fla. (IMG Worldwide Inc., et al. v. Westchester Fire Insurance Co., No. 11-1594, N.D. Ohio, Eastern Div.; 2015 U.S. Dist. LEXIS 114659).

(Memorandum opinion and order available. Document #13-150903-025Z.)

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