A Liberty Mutual unit must pay $1.6 million to another insurer in their settlement with an injured apartment renter, after the Eleventh Circuit found Liberty can’t be shielded from liability because it placed too many restrictions on potential payouts.
Liberty and the other insurer, American Guarantee & Liability Insurance Co., provided coverage to the manager and owner of an Atlanta-area apartment complex where a gas line explosion put a tenant in the hospital.
American Guarantee brought— and won—claims against Liberty for failing to properly settle the underlying explosion litigation to limit insurance payouts.
The district court didn’t “reversibly err” in ...
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