Insurers Owe No Duty To Company Facing $101.67M Lead Paint Payment, Judge Says

(March 10, 2020, 8:32 AM EDT) -- SAN FRANCISCO — A judge in California on Feb. 26 ruled that insurers owed no duty to provide coverage to the successor of a former maker of lead-based paint in relation to a $101.67 million settlement payment the company owes. The judge said that the California Insurance Code states that “an insurer is not liable for a loss caused by the willful act of the insured” (Certain Underwriters at Lloyd’s of London, et al. v. ConAgra Grocery Products Company, et al., No. CGC-14-536731, Calif. Super., San Francisco Co.)....