Insurer Says Other Policy Provider Should Contribute To $1.4M Defects Defense

Mealey's (February 24, 2020, 9:08 AM EST) -- LOS ANGELES — An insurer that provided a wrap policy to the developer and subcontractors that performed work on a luxury condominium community that was the center of two construction defects lawsuits says in a lawsuit filed Feb. 20 in California federal court that another insurance company that provided an earlier wrap policy should contribute to the $1.4 million it cost to defend and settle the actions, arguing that the defects at issue occurred while the earlier policy was in effect (Ironshore Specialty Insurance Co. v. Everest Indemnity Insurance Co., No. 20-cv-1652, C.D. Calif.)....