Judge: Insured Cannot Show $7M Settlement Stemmed From Single Occurrence
(February 5, 2016, 12:16 PM EST) -- MINNEAPOLIS — An insured cannot establish coverage over a $7 million settlement because it followed an occurrence that led to property damage, a Minnesota federal judge ruled Feb. 2, also finding that material fact issues preclude the insured from establishing a right to coverage over all of the repairs as consequential damages flowing from the underlying property damage (Ryan Companies US Inc. v. Everest National Insurance Co., No. 14-3207, D. Minn.; 2016 U.S. Dist. LEXIS 12400).
(Redacted memorandum opinion and order available. Document #69-160304-004Z.)