Judge Finds No Unjust Enrichment, Bad Faith In Premium Holding Dispute

LAS VEGAS – A Nevada federal judge on Aug. 1 held that a commercial general liability policy, for land that was ultimately not developed, was valid and enforceable and that an insurer acted within the contract’s express terms by retaining an advanced premium (Crestdale Associates Ltd. v. Everest Indemnity Insurance Co., No. 2:09-cv-02439, D. Nev.; 2011 U.S. Dist. LEXIS 84380).
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