FRANKFORT, Ky. - The economic loss rule precludes an insurer's recovery lawsuit against contractors for costs it paid for faulty electrical work on behalf of its insured, who was contracted separately for a construction project, the Kentucky Court of Appeals affirmed March 15, finding no contractual relationship between the insured and the contractors (Cincinnati Insurance Cos. v. Staggs & Fisher Consulting, No. 2008-CA-002395 & 2009-CA-001123, Ky. App.; 2013 Ky. App. Unpub. LEXIS 227...(read more)![]()
↧