Judge Orders Excess Insurer To Pay $3.4M For Defect Damages
(November 2, 2015, 12:51 PM EST) -- PHOENIX — An excess insurer owes $3.4 million to the owner of an apartment complex for damages arising out of construction defects, an Arizona federal judge ruled Oct. 30, ordering that the amount of the judgment is subject to prejudgment interest (Lexington Insurance Co. v. Scott Homes Multifamily Inc. and Silverbell 290 Limited Partnership, No. 12-02119, D. Ariz.; 2015 U.S. Dist. LEXIS 147509).
(Order available. Document #69-151204-006R.)
Silverbell 290 Limited Partnership contracted with Scott Homes Multifamily Inc. for the construction of the Springs at Silverbell Apartments....