Judge Orders Contractor To Pay Insurer In Liquidation Under Indemnity Agreement
Mealey's (October 3, 2016, 1:15 PM EDT) -- HOUSTON — A federal judge in Texas on Sept. 28 found that a contractor and others that had agreed to indemnify an insurer in liquidation were liable to indemnify the insurer for more than $500,000 of losses the insurer paid when the contractor could not to meet its obligations on a brine storage pond project (Castlepoint National Insurance Company v. Addicks Services, Inc., et al., No. 15-cv-00462, S.D. Texas; 2016 U.S. Dist. LEXIS 134761).
(Opinion available. Document #10-161028-009Z.)
Castlepoint National Insurance Co. sued Addicks Services Inc....