Rhode Island, Town Reach $20M Deal in Club Fire Suits

August 20, 2008

  • September 2, 2008 at 11:49 am
    Underwriter says:
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    Lastbat & Mary B, your comments strike close to home. I can’t mention the name but my client (major sound equipment/speaker manufacturer based in US) was sued and ended up settling for roughly $1mm. Defense costs doubled that amount.

    The argument: speaker covers and other sound equipment contributed to toxicity of smoke.

    Incredible. We were happy to settle for that amount & umbrella carriers also breathed a sigh of relief since it stayed in the primary cover. There was little logic involved, just emotion and greed.



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