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Economic Loss Not Property Damage

By Tred R. Eyerly on August 26, 2019

    The Fifth Circuit agreed with the district court that the insured subcontractor's economic losses did not amount to covered property damage. Greenwich Ins. Co. v. Capsco Industries, Inc., 2019 U.S. App. LEXIS 23949 (5th Cir. Aug 12, 2019).

    Capsco Industries, Inc. was a subcontractor on the construction of a casino.

Posted in Comprehensive General Liability, Duty to Indemnify
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