Insurer Has No Duty To Indemnify Arbitration Award, Federal Judge Says

Mealey's (April 4, 2018, 2:15 PM EDT) -- ST. LOUIS — An arbitration award issued against an insured contractor for its breach of contract does not constitute an “occurrence” under a commercial general liability insurance policy, a Missouri federal judge ruled March 29, finding that the insurer has no duty to indemnify (Depositors Insurance Co. v. NEU Construction Services Inc., et al., No. 17-00803, E.D. Mo., 2018 U.S. Dist. LEXIS 52925)....