Insolvency Fund Failed To Prove Insured Made Any Material Misrepresentations
(June 7, 2016, 12:30 PM EDT) -- BOSTON — A Massachusetts federal judge on May 25 denied a state’s insurance insolvency fund’s motion for summary judgment after determining that the fund failed to prove that the insureds made a material misrepresentation that would absolve the fund from providing coverage for underlying asbestos claims (Massachusetts Insurers Insolvency Fund v. Beacon Roofing Supply, Inc., et al., No. 15-cv-12291, D. Mass.; 2016 U.S. Dist. LEXIS 68648).
(Opinion available. Document #03-160608-011Z.)
Massachusetts Insurers Insolvency Fund sued Beacon Roofing Supply Inc. (BRS) and Beacon Sales Acquisition Inc. (BSAI),...