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.
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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.
Minnesota works to fit climate change into environmental reviews Plan would ask projects to add new data to agencies. December 24, 2020 9:22pm Text size Copy shortlink:
How much carbon dioxide would a new hockey arena emit? Or a new housing subdivision, industrial plant or highway?
Minnesotans will find out under the sweeping revisions being developed for its environmental review process. Multiple state agencies are working to integrate climate change impacts into those reviews, requiring accounting for greenhouse gas emissions and asking parties that are proposing projects to spell out how they ll mitigate them.
It s a dramatic change that will reach most corners of the state, and no doubt draw resistance from industry, as Gov. Tim Walz s administration pushes to get Minnesota back in line with emission reduction goals.