Subcontractor That Settled Without Insurer’s Consent Awarded $2.5 Million

Mealey's (July 26, 2021, 2:45 PM EDT) -- PORTLAND, Ore. — A construction subcontractor that entered into a settlement agreement with a general contractor after its insurance company refused to settle was granted summary judgment in its lawsuit against its insurer and awarded $2.5 million, the amount of its stipulated judgment, by a federal judge in Oregon who on July 6 adopted a magistrate judge’s report and recommendation....

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