Builders Risk Insurer’s JMOL, New Trial Motions Denied; $7.62M Judgment Entered

Mealey's (September 8, 2023, 9:11 AM EDT) -- DENVER — A federal judge in Colorado denied a builders risk insurer’s renewed motion for judgment as a matter of law (JMOL) and motion for a new trial following a jury’s award of $2.54 million in breach of contract damages to its condominium developer insured, rejecting the insurer’s arguments that the developer failed to prove that it suffered “resulting loss” damages and that the jury rendered an inconsistent verdict....

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