article thumbnail

$143M Seattle Tunnel Insurance Suit Settles Mid-Trial

Government Contracts

A Seattle construction contractor that claimed it was wrongly denied more than $143 million in coverage for damage to a massive tunneling machine has settled its case against insurers, the parties told a Washington state judge Monday on the second day of a jury trial.

article thumbnail

Split 7th Circ. Clears Insurers In O'Hare Steel Defect Fight

Government Contracts

million in costs from its insurer over cracked welds in the canopy, finding that the defects in the welds and columns don't constitute property damage under its insurance policies. A split Seventh Circuit affirmed Monday a finding that the Chicago O'Hare International Airport canopy's general contractor can't recoup more than $37.5

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Insurance Law Forum

Government Contracts & Global Trade

Mario Russo moderates the inaugural Insurance Law Forum presented by NJICLE in cooperation with the New Jersey State Bar Association Insurance Law Section and the Insurance Defense Special Committee. During the program, Jennifer Black Strutt joins presenters discussing some of the leading topics in insurance law in 2024.

article thumbnail

3M Says Insurers Are Dodging Coverage Of $6B Earplug Deal

Government Contracts

3M and its subsidiary Aearo Technologies said they are having difficulties getting their insurers to pay out more than $1.5 billion in coverage after the companies reached a $6 billion deal to settle multidistrict litigation alleging their combat earplugs failed to protect the hearing of service members and veterans.

article thumbnail

Seattle Firm Seeks $143M In Tunnel Machine Insurance Trial

Government Contracts

A Seattle construction contractor told a Washington state jury on Wednesday its insurers owe $143 million for repairs to a massive tunneling machine that sustained "catastrophic damage" when it struck a steel pipe underground in 2013, urging jurors to reject the defense that the claim fell under a "machinery breakdown" exclusion.

article thumbnail

CVS Unit Pays $60M Over Alleged Insurance Kickback Scheme

Government Contracts

CVS Health subsidiary Oak Street will pay $60 million to settle allegations it violated the False Claims Act by paying illegal kickbacks to third-party insurers in return for scouting and inducing Medicare and Medicaid beneficiaries to enroll in its primary care clinics, the U.S. Department of Justice announced Wednesday.

article thumbnail

Alpha Omega Secures Contract to Support USDA Crop Insurance Program; Gautam Ijoor Quoted

ExecutiveBiz

Department of Agriculture’s Crop Insurance Program. Technology company Alpha Omega has secured a contract to support the U.S. The company said Monday that it will work with the USDA to protect the agricultural sector against the impacts of climate change.