Colorado High Court Grants Dismissal Of CIGA, Insured Appeal Over Recoupment

Mealey's (October 26, 2017, 11:28 AM EDT) -- DENVER — The Colorado Supreme Court on Oct. 12 granted the voluntary dismissal of a cross-appeal of a decision finding that a net worth provision allowed the Colorado Insurance Guaranty Association (CIGA) to recoup payments it made to an insured employer’s injured employee from the employer because its net worth exceeded $25 million (Sunstate Equipment Co. LLC v. Colorado Insurance Guaranty Association, No. 2016SC384, Colo. Sup., 2017 Colo. LEXIS 957)....