Judge: Insurer Failed To Show That Insured Lacked Insurable Interest
Mealey's (October 23, 2015, 12:45 PM EDT) -- DENVER — An insurer has failed to show that an insured lacked a cognizable insurable interest in a property in an insurance bad faith lawsuit, a federal judge in Colorado ruled Oct. 16 in denying the insurer’s motion for summary judgment (Colorado Hospitality Service Inc., et al. v. Auto-Owners Insurance Co., No. 14-1858, D. Colo.; 2015 U.S. Dist. LEXIS 141077).
(Order available. Document #07-151026-019R.)
Under the terms of a hotel management agreement between its subsidiary, Southeast Hospitality LLC, and Centennial Hotel LLC, Colorado Hospitality Service Inc....