Paraco Gas Corporation v. Ironshore Idemnity, Inc.

  1. June 17, 2024

    No Coverage For Family Shareholder Row, 2nd Circ. Affirms

    A Liberty Mutual unit had no duty to defend Paraco Gas Corp. and two of its executives in a family shareholder dispute, the Second Circuit affirmed Monday, finding that all claims in the underlying suit fell within the policy's contract exclusion.

  2. March 27, 2024

    2nd Circ. Weighs Broadening 'Claim' In Shareholder Dispute

    The Second Circuit questioned Wednesday whether it should use a New York state appeals court ruling to broaden the meaning of "claim" in a propane company's directors and officers policy with a Liberty Mutual unit, including not just an entire underlying lawsuit but the individual causes of action within.

  3. March 21, 2024

    2nd Circ. To Weigh 'Claim' Meaning In Family Share Dispute

    The Second Circuit on Wednesday will hear arguments over whether a New York federal court erred in finding that a contract exclusion barred any duty a Liberty Mutual unit had to defend a propane company and two of its executives in a family shareholder dispute.

  4. December 05, 2023

    Insurer Urges 2nd Circ. To Uphold No Defense Ruling

    An insurer urged the Second Circuit to affirm a ruling which found that it has no duty to defend Paraco Gas Corp. and its executives in a family shareholder dispute, saying a New York federal judge correctly found that a contract exclusion provision in the policy bars coverage.