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Panel: Insurers Are Not Jointly, Severally Liable For $2.4M Defects Arbitration Award

(August 29, 2016, 1:16 PM EDT) -- DALLAS — Although two commercial general liability insurers have a duty to indemnify insureds for an underlying construction defects arbitration award, a Texas appeals panel ruled Aug. 25 that a trial court erred in finding that the insurers are jointly and severally liable for the $2.4 million award (Great American Lloyds Insurance Co. and Mid-Continent Casualty Co. v. Vines-Herrin Custom LLC, et al., No. 05-15-00230, Texas App., 5th Dist.; 2016 Tex. App. LEXIS 9407).

(Memorandum opinion available. Document #69-160902-009Z.)

The Fifth District Texas Court of Appeals...
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