ADVERTISEMENT Zurich, Gerdau End Fight Over Bridge Collapse Defense Costs
Law360 (July 30, 2021, 7:13 PM EDT) Just days before trial was set to begin over litigation costs related to the 2018 Miami pedestrian bridge collapse, Zurich American Insurance Co. and Gerdau Ameristeel US Inc. have agreed to end their coverage dispute, according to a filing in Florida federal court.
The parties told the court they reached an agreement for all claims and defenses in the lawsuit Gerdau brought against Zurich last year over more than $2.7 million the steelmaker alleged it was owed for defending and settling multiple victim claims.
Details of the settlement agreement are confidential, counsel for Gerdau told Law360 on Friday.
NOTABLE TRANSACTIONS: Undeveloped ground in Bondurant sold for $1 7 million
businessrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessrecord.com Daily Mail and Mail on Sunday newspapers.
NOTABLE TRANSACTIONS: Undeveloped ground in Bondurant sold for $1 7 million
businessrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessrecord.com Daily Mail and Mail on Sunday newspapers.
Gerdau Seeks Win In Miami Bridge Collapse Coverage Suit
law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.
ADVERTISEMENT
Judge Won t Trim Gerdau s Suit Seeking Litigation Coverage
Law360 (May 26, 2021, 4:50 PM EDT) A Florida federal judge on Tuesday refused to pare down a lawsuit by a subsidiary of steel company Gerdau against Zurich American Insurance Co. over its failure to pay for litigation costs related to the March 2018 collapse of a Miami pedestrian bridge, finding that its request for clarification of the policy is not duplicative.
U.S. District Judge Donald M. Middlebrooks said he would not dismiss Gerdau Ameristeel US Inc. s declaratory judgment claim even though it factually overlaps with its breach of insurance contract claim against Zurich.