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Insurer Has No Standing To Assert Contribution Claim, Judge Concludes

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FLORENCE, S.C. - An insurer does not have standing to assert claims for equitable contribution and indemnity against another insurer regarding reimbursement of defense costs incurred over a mutual insured in an underlying construction defect case, a South Carolina federal judge ruled March 27 (Assurance Company of America v. Penn-America Insurance Co., No. 11-03425, D. S.C.; 2013 U.S. Dist. LEXIS 45229)....(read more)

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