| |
| |
 |
| |
Wells Fargo Wins Summary Judgment in Arson Coverage Lawsuit
August 29. GMT client Wells Fargo Bank, National Association,
today prevailed on summary judgment in an insurance coverage lawsuit
against American States Insurance Company (a Safeco company) in Superior
Court, Yakima County, Washington. Wells Fargo was the mortgageholder
on a substantial commercial property in the Yakima area that was destroyed
by an arson fire in 2002. Safeco denied coverage based on the standard-form
"Vacancy Condition," arguing that the exclusion for '"vandalism"
in the Condition also excluded acts of arson. Decisions nationwide
are split on the issue.
Jim Murray argued the motion and was assisted on the briefing by Dan
Houser.
|
