Windermere Oaks v. Allied World
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May 10, 2023
5th Circ. Affirms Water Co.'s Coverage Win Over Land Deal
Allied World Specialty Insurance Co. breached its duty to defend a Texas water supplier and certain current and former board members accused of heavily discounting a parcel of land and selling it to another board member, the Fifth Circuit affirmed, finding a contractual liability exclusion in the supplier's policy was inapplicable.
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June 15, 2022
Insurer Asks 5th Circ. For Escape From Water Supplier's Suit
Allied World Specialty Insurance Co. urged the Fifth Circuit Wednesday to reverse a Texas federal court and find that a contractual liability exclusion bars coverage for claims that board members of a water supplier made a bad land deal, causing losses of over $1 million.