Panel:  New Reasonableness Hearing For Insurer Over $1.7M Defects Settlement

Mealey's (April 29, 2020, 12:42 PM EDT) -- SPOKANE, Wash. — A Washington appeals panel majority on April 28 reversed a lower court’s approval of $1.7 million settlement and remanded for a second reasonableness hearing on a covenant agreement between homeowners and an insured contractor because there is a “significant discrepancy” between the insured’s valued estimate of $350,000 and the settlement amount (Jeffrey Wood, et al. v. Milionis Construction, Inc., et al., No. 36286-8-III, Wash. App., Div. 3, 2020 Wash. App. LEXIS 1241)....