Settlement Reached In Vandalism Coverage Suit; Parties Stipulate To Dismissal

Mealey's (August 17, 2022, 12:02 PM EDT) -- LOS ANGELES — An insured and a businessowners insurer on Aug. 15 filed a stipulation of dismissal with prejudice in California federal court after reaching a settlement on the insured’s claims for breach of contract and bad faith in a dispute over whether the insured misrepresented material facts regarding the extra expenses it incurred following the vandalism of its property....