Federal Judge: Insurer Owes No Soft Costs To Developer Due To Policy Exclusion

(March 14, 2024, 12:22 PM EDT) -- ST. LOUIS — A federal judge in Missouri dismissed a complaint brought by a property owner who sought soft costs and loss of rental income from a contractor’s insurer after the failure of a retaining wall at an apartment complex project, finding that the plain language of the insurance contract precludes coverage....