Federal Judge Rules In Insured’s Favor On Its $25,093,533 Time Element Loss Claim
Mealey's (October 9, 2015, 1:30 PM EDT) -- DETROIT — A Michigan federal judge on Oct. 8 held that an insurer failed to meet its burden of showing that a policy’s high hazard sublimit applies to an insured’s $25,093,533 time element loss in a 2011 Thai flood coverage dispute, entering judgment in favor of the insured (Federal-Mogul Corp. v. Insurance Company of the State of Pennsylvania, No. 12-12005, E.D. Mich.; 2015 U.S. Dist. LEXIS 137394).
(Opinion and order available. Document #51-151105-001Z.)
Federal-Mogul Corp., a supplier of automotive and vehicle products, services and solutions, alleges...