The owner of fashion giants Versace, Jimmy Choo and Michael Kors is pushing back against its insurers' attempt to toss its coronavirus pandemic coverage suit, saying they're trying to force a requirement of physical alteration to its properties that isn't in its policies.
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At-Bay Inc., a Mountain View, California-based managing general underwriter, said Friday it has hired Sandy Perdiguerra, formerly vice president, regional manager at Hiscox Ltd., as its West Coast regional manager.
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The California Court of Appeal recently reversed a trial court s dismissal of a lawsuit, concluding that because there was a dispute over when a homeowner s claim occurred for purposes of an insurance policy, that dispute must be resolved by a jury.
Case Background
Guastello v. AIG Specialty Insurance Co.
1 involved a dispute over whether a claim was covered by an insurance policy. The events in question began in 2003 and 2004, when a subcontractor built retaining walls in a housing development. Several years later, the plaintiff purchased a home in the development. Fast forward to 2010, when one of the retaining walls close to the plaintiff s lot failed and caused significant damage to the plaintiff s backyard perimeter wall, among other things.
Caesars puts pandemic losses at $2B, wants insurers to pay neworleanscitybusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from neworleanscitybusiness.com Daily Mail and Mail on Sunday newspapers.