Federal Judge: Insurer Did Not Breach Its Contract In Denying Claim For Damage
Mealey's (January 13, 2016, 9:13 AM EST) -- DENVER — An insured failed to establish that it suffered water damage to “covered property” at a renovation project under a builders risk policy, a Colorado federal judge ruled Jan. 8, finding that the insurer properly denied coverage and did not breach its contract (Gerald H. Phipps, Inc. d/b/a GH Phipps Construction Co. v. Travelers Property Casualty Company of America, No. 14-01642, D. Colo.; 2016 U.S. Dist. LEXIS 2939).
(Order available. Document #69-160205-003R.)
In October 2011, Gerald H. Phipps, Inc. (GHP) entered into a contract with...