Calif. Federal Judge: Insurer Can Rescind Policy In Light Of Misrepresentations

Mealey's (March 3, 2023, 1:47 PM EST) -- SAN FRANCISCO — An insurer is entitled to rescind a policy covering an apartment building because the owner of the apartment building made misrepresentations about its recent litigation history in its application, a California federal judge found in entering judgment for the insurer on its counterclaims and third-party claims while also dismissing the claims against it by another insurer that sought declaratory and equitable relief for the defense and indemnity of the owner in four lawsuits....