Up until at least 2017, the complaint said AIG and affiliated entities paid or authorized payments for Colt’s Manufacturing Co.’s defense costs. However, on May 28, 2021, an analyst at AIG Claims Inc. informed Colt that it would no longer pay the defense fees in the Gary lawsuit. Credit: Colt's Manufacturing Co. Up until at least 2017, the complaint said AIG and affiliated entities paid or authorized payments for Colt’s Manufacturing Co.’s defense costs. However, on May 28, 2021, an analyst at AIG Claims Inc. informed Colt that it would no longer pay the defense fees in the Gary lawsuit. Credit: Colt’s Manufacturing Co.

Gunmaker Colt’s Manufacturing Co. sued insurers AIG Specialty Insurance Co. and Pittsburgh-based National Union Fire Insurance Co. in U.S. District Court in Connecticut for an alleged breach of contract after the insurers stopped funding the gunmaker’s legal defense in a case that has been winding its way through the courts for more than two decades.

This complaint was surfaced on Law.com Radar.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

The British Legal Awards (BLA) 2023Event

Celebrating achievement, excellence, and innovation in the legal profession in the UK.

Get More Information
 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.