Federal Judge: Settlement Agreement Valid To Claims Insurer Withdrew Its Rights
(December 22, 2015, 8:23 AM EST) -- PHOENIX — A settlement agreement is valid as to the claims in an underlying construction defects case that an insurer reserved its rights and invalid as to the claims that the insurer withdrew its rights, an Arizona federal judge ruled Dec. 17 (Prescott Lakes Community Association Inc. v. Auto-Owners Insurance Co., et al., No. 14-08201, D. Ariz.; 2015 U.S. Dist. LEXIS 168865).
(Order available. Document #69-160108-009R.)
In 2011, the Prescott Lakes Community Association Inc. filed a construction defect lawsuit against Canavest Builders Inc.; Canavest Development LLC;...