8th Circuit Affirms No Soft Costs Owed To Developer Due To Policy Exclusion

( June 10, 2025, 2:28 PM EDT) -- ST. LOUIS — An Eighth Circuit U.S. Court of Appeals panel on June 9 affirmed a lower court’s dismissal of a complaint brought by a property owner who sought soft costs and loss of rental income from a contractor’s insurer after the failure of a retaining wall at an apartment complex project, finding that coverage is precluded under the language of the insurance policy....