Federal Judge: Coverage Barred By Construction Firm’s Precluded ‘Development’

(March 26, 2024, 8:13 AM EDT) -- LAS CRUCES, N.M. — A federal judge in New Mexico granted a construction firm’s insurer’s motion for summary judgment and dismissed the case with prejudice, finding that the insurer owes no equitable contribution to another of the firm’s insurers after the firm was sued for construction defects because of a policy exclusion that bars coverage if the firm engages in “real estate development activities.”...