Subcontractor’s Insurer To Pay $2M In Defense Costs To Contractor And Its Insurer

Mealey's (September 21, 2017, 12:53 PM EDT) -- CHARLOTTE, N.C. — A North Carolina federal judge on Sept. 18 ordered a subcontractor’s insurer to pay $1,586,473.43 plus prejudgment interest to a contractor’s insurer and $450,113.47 plus prejudgment interest to the contractor as reimbursement for the defense costs they incurred in an underlying negligence lawsuit against the subcontractor (Mitsui Sumitomo Insurance Company of America, et al. v. Travelers Property Casualty Company of America, No. 15-00207, W.D. N.C., 2017 U.S. Dist. LEXIS 150994)....