10th Circuit Panel Says No Breach Of Contract For Denying Claim For Damages

Mealey's (February 17, 2017, 10:16 AM EST) -- DENVER — Because an insured failed to establish that it suffered water damage to “covered property” at a renovation project under a builders risk policy, the 10th Circuit U.S. Court of Appeals on Feb. 16 affirmed a Colorado federal judge’s 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. 16-1039, 10th Cir.).

(Opinion available.  Document #03-170222-003Z.)

In October 2011, Gerald H. Phipps Inc. (GHP) entered...
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