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Suit-Limitation Provision Bars Insured’s Lawsuit, 10th Circuit Panel Affirms

(September 16, 2015, 12:48 PM EDT) -- DENVER — An insurer owes no coverage to an insured for damages caused by water intrusion in the insured’s salt mine because the insured failed to file suit within 12 months of discovering the damages pursuant to the policy’s suit-limitation provision, the 10th Circuit U.S. Court of Appeals said Sept. 15 (B.S.C. Holding Inc., et al., v. Lexington Insurance Co., No. 11-2252, 10th Cir.; 2015 U.S. App. LEXIS 16408).

(Opinion available. Document #03-150923-004Z.)

Employees at the Lyons Salt Mine and Plant detected water intrusion in the...
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