Insurer, Homebuilders Settle Dispute Over Coverage For 17 Construction Defect Suits

Mealey's (December 2, 2021, 12:41 PM EST) -- PHOENIX — An insurer sued by multiple homebuilders seeking coverage for 17 underlying construction defects lawsuits informed a federal court in Arizona on Nov. 29 that the parties have settled all claims in the matter; the same day, the judge overseeing the dispute ordered that the suit be dismissed with prejudice on Dec. 29 and vacated jury trials set for January and March....

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