Nev. Justices Say Insurer Can Recoup Costs From Implant Co.

Nev. Justices Say Insurer Can Recoup Costs From Implant Co.


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Nev. Justices Say Insurer Can Recoup Costs From Implant Co.
Law360 (March 12, 2021, 6:26 PM EST) -- Nautilus Insurance Co. can recoup the money it spent to defend a medical implant company in a suit over a soured business partnership, a split Nevada high court said Thursday in ruling that the insurer is entitled to reimbursement because a judge found it never owed coverage in the first place.
Responding to a certified question from a Ninth Circuit panel, the Nevada Supreme Court in a 4-3 opinion paved the way for Nautilus to recover the $500,000 it paid to defend Access Medical LLC and manager Robert Clark Wood II in the underlying action brought by Wood's former business partner,...

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